💰 Cardano News (cryptocurrency ADA)
The ADA token, named in honor of Ada Lovelace, has seen notable movement today:
1. ADA recovers $0.80–$0.88
• According to Cryptopolitan, ADA has surpassed $0.80 and is trading near $0.87, driven by governance improvements (layer 2 updates like Hydra) and intense institutional interest, under the planning of funds like Grayscale .
2. High-volume transactions (whales)
• Reports from Coin World indicate that in the last 24 hours, 137 transactions over $1 million each were recorded, showing a 75% increase from $0.50 in June to signs of a bullish double bottom .
3. Technical strength and key levels
• Analysis from CoinEdition points out that ADA breaks technical levels around $0.83, retests resistance at $0.88, and shows signs of upward pressure, although it may face volatility close to that range .
4. Overall market trend
• Additionally, news from July 18 and 17 confirms strong rebounds: +19% (reaching $0.85) and +10% in 24 hours, surpassing moving averages and support levels of $0.72–$0.75, although there is a warning for possible sales from large holders .
