$ADA Price Holds Steady — Consolidation Before a Breakout?

$ADA has been trading in a tight range lately, holding support around $0.40 while facing resistance at $0.45. This consolidation phase could indicate an upcoming breakout, especially as the broader market sentiment turns cautiously bullish.

Technically, ADA’s RSI is hovering around neutral levels, and volume is declining — often a precursor to a strong move. If the price manages to break above the resistance with good volume, we could see a push toward $0.50+.

On-chain activity is also showing slight increases in staking and wallet growth, which are long-term bullish indicators. Keep an eye on ADA as we approach Q3 announcements.