Price slightly decreased due to market-wide pullback, but high volume combined with ETF and large TVL – will ADA continue to break out?

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1. Snapshot

💰 $ADA $0.821 (–7.3% in 24h; +8.7% in 7 days)

💸 24h Volume: ~$1.92 billion (up ~10%)

🌍 Market Cap: ~$29.06 billion (circulating ~36.4 billion ADA)

🌟 ATH: ~$3.10 (2021); nearly reached $0.89 intraday today

> "ADA slightly decreased during alt-season but high volume is a sign that capital is still flowing in strongly!"

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2. News & Narratives

ETFs & Institutional: The likelihood of ADA ETF approval is around ~84%, decision expected in August

TVL & DeFi: Cardano's TVL is around $250–388 million but still low compared to other L1s

Governance tension: Conflict between Hoskinson – Cardano Whale puts pressure on community trust, but technical support remains stable

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3. Technical analysis & Price scenario

Support: $0.80–$0.82 – retest area from sideways channel

Resistance: $0.89–$0.92 (24h high) → if broken → targets $1.00 → $1.20

Indicators: RSI ≈ neutral (~50), MACD turning bullish, triple bottom and rounding bottom pattern appearing prepares for breakout

📈 Scenario

✅ Bullish: hold in the $0.80 range → break above $0.89 → test $1.00–$1.20

⚠️ Bearish: breaks below $0.80 → retest $0.75 → $0.70–$0.78

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4. Suggested investment strategy

Short-term trader

Entry: $0.80–$0.82

TP: $0.89 → $1.00 → $1.20

SL: < $0.78

Long-term holder

DCA around $0.70–$0.80, expecting ETF + DeFi adoption

Long-term target towards $2–$3 if Cardano continues to grow in governance & utility

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5. Risk analysis

- Governance conflict may reduce community trust

- Low TVL compared to competitors, strong competition from other L1s

- ETF review failure or delay → market sentiment collapses

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6. Conclusion

Cardano is testing the support area of $0.80 and preparing for a breakout if the ETF is approved. High volume is a good signal.

> Do you think ADA will hit $1.00 in August if the ETF is approved well?

🟢 A. Yes – all-in at $0.82

🟡 B. Light entry, wait for breakout confirmation

⚠️ C. Stay away, wait for retest at $0.75