$ADA

### **ADA Market Outlook: Bullish or Bearish?**

**Bullish Factors:**

- **Technical Indicators:** ADA shows a potential golden cross (50-day MA nearing 200-day MA), with an ascending triangle pattern hinting at a breakout toward $0.80 if resistance at $0.74 is cleared .

- **Fundamentals:** Cardano’s Chang Hard Fork (governance upgrade), Hydra scaling, and EVM-compatible Intersek bridge could boost adoption .

- **Institutional Interest:** Added to Nasdaq’s crypto index, increasing visibility and liquidity .

**Bearish Risks:**

- **Short-Term Volatility:** ADA dropped 6% amid debates over a $100M treasury proposal to convert ADA into stablecoins, raising sell-pressure concerns .

- **Market Sentiment:** Mixed signals; RSI (39) and bearish moving averages suggest caution .

**Verdict:** **Cautiously bullish** long-term, but near-term depends on holding $0.62–$0.65 support .

*(DYOR)