$ADA 🔍 What This Means for ADA

The recent sell-off looks like part of a short-term correction after failing to clear overhead resistance. The immediate support zone sits around $0.62–0.63; a rebound above $0.65 could trigger further recovery .

The proposal to allocate $100M toward stablecoin liquidity could signal longer-term strengthening of Cardano’s DeFi ecosystem—potentially a bullish catalyst if executed .

Strong ecosystem growth and inclusion in Nasdaq’s index enhance Cardano’s structural outlook, adding weight to its long-term fundamentals