🔵 ADA in Focus: Bold Moves, Bearish Pressure
Cardano’s founder Charles Hoskinson just shook the waters 🌀 with a $100M DeFi proposal—suggesting 140M ADA from the treasury be used to buy BTC + Cardano-native stablecoins (USDM, USDA, IUSD).
🎯 Goal? Supercharge DeFi growth and raise Cardano’s TVL by injecting liquidity + attracting builders.
📉 But the market didn’t clap just yet…
ADA is down 6%, trading around $0.63 on Binance.
📊 Market Snapshot:
RSI: 38.89 → oversold territory
MACD: Bearish crossover
Open Interest: Dropped 7%
🔥 Meanwhile, whales grabbed 80M ADA, and Grayscale’s ADA ETF stands at 75% approval odds—with the SEC ruling expected July 15.
🧠 Community Split:
🔹 Visionaries: “This is Cardano’s DeFi ignition moment.”
🔹 Skeptics: “Too risky in a red market. Governance needs checks.”
Is ADA prepping for a breakout or just shaking off the dust? 👀
💬 Your take: Support the move or stay cautious?
