#ADA $ADA Amid market fluctuations and varying trends, Cardano (ADA) continues its search for a new support pivot amid the buzz of technical and institutional news. Below we review the key developments that have occupied the trading community on the Binance platform:
A sharp drop exceeding 5.5% was observed $ADA within 24 hours, bringing the price down to $0.6313 after opening the session at $0.6685, driven by clear technical pressure and a break of major averages.
The day before, the coin recorded a decline of about 6% after the price fell from around $0.688 to $0.625, following a dispute within the Cardano community over a proposal to allocate $100 million from the treasury to enhance stablecoin liquidity, before partially rebounding to $0.641.
In a positive step for American investors, Cardano officially returned to trading on Binance US since June 9, 2025, reopening the liquidity window for users residing in the United States.
Platform data tracked significant outflows from the holdings of large addresses ('Cardano whales') earlier this week, but this was followed by a relative recovery in other accumulation activities over the past 48 hours, suggesting a strategic divergence between profit-taking and preparing for an anticipated upward round.
The four-hour chart shows a breakdown below the support level at $0.65, leading to a wave of liquidation of accumulated futures contracts towards $0.62–0.63, an area of support that traders have closely monitored.
The Bollinger Band indicator points to a contraction in the trading range around its average, suggesting a potential price explosion in the coming days.
Some technical analysts speculate that Cardano may recover towards $0.67–0.70 if trading volume regains momentum, while resistance barriers at $0.73 then $0.76 represent keys to moving towards higher levels.
- Summary and Recommendations:
With technical indicators painting conflicting scenarios, support at $0.62–0.63 remains a critical station for many speculators' decisions: either buy the dip in anticipation of a second rally, or liquidate positions as a hedge against further decline. While ADA's return to Binance US provides an additional liquidity window, the bet remains on surpassing resistances at $0.70–0.73 to pave the way for medium-term price obligations.