#CardanoDebate The Cardano (ADA) token has seen a significant decline, losing about 6% over the past sessions after failing to break the $0.68 level, dropping to around $0.625 before stabilizing near $0.641 at the close of trading. This occurred amid rising debate within the Cardano community regarding the proposal to transfer part of the reserve—estimated at about 140 million ADA—to support the liquidity of stablecoins on the network.
Charles Hoskinson, the founder of Input Output Global, proposed this initiative with the aim of increasing the proportion of value locked in the decentralized finance sector on Cardano from about 10% to between 33% and 40%, by investing part of the treasury in stablecoins and Bitcoin. Supporters hope this will enhance the depth of lending and trading markets and stimulate the launch of new protocols on the platform, while opponents warn of the risks of sudden sell pressure and price slip scenarios if the transfer is executed all at once or through large off-exchange trades.
On another note, ADA recently benefited from its inclusion in the expanded Nasdaq digital currency index, leading to a slight price increase of about 3% and a trading volume increase of about 68%, while strengthening the psychological support level near $0.70. Trader data showed that market whales are accumulating about 170 million ADA in accounts with quantities ranging from 10 to 100 million coins, which may pave the way for a future price explosion.
From a technical perspective, the price is currently oscillating between strong support at $0.62–$0.65 and resistance starting from $0.70 and reaching $0.72. If it fails to maintain the $0.64 level, it may resume the downward trend towards $0.50. However, if bullish momentum returns and levels of $0.66–$0.70 are surpassed, we may witness a corrective wave that raises the price to the range of $0.80–$1.00 in the medium term.
Final advice: It is recommended to gradually enter limited-size trades with clear stop-loss orders to protect capital, and to closely monitor the developments of the treasury discussion, so that actual market movements can be used to time buying or selling with minimal risk.