ADA Update Latest Headlines & Technical Outlook
Community Greenlights $71M Treasury Vote
Cardano’s on chain governance has approved a $71 million treasury allocation 96 M ADA for upgrades, including the Hydra Layer‑2 protocol and node redesign under Project Acropolis. The vote passed with 74% support. This is expected to boost developer activity and drive demand for ADA .
Price & Sentiment Rebound
After a 6‑day pullback from $0.83 to $0.69, ADA bounced back to $0.73. Derivatives funding rates have flipped positive and long to short bet ratio edged to 1.13, signaling growing bullish sentiment.
Market Drivers & Macro Tailwinds
Broad market optimism around a potential U.S. rate cut in September lifted altcoins including ADA by up to 8% in early August .
Technical Outlook & Forecasts
Analysts are eyeing key resistance zones at $0.84–$0.93, with breakout potential targeting $0.95–$1.30, and even $1.20
DYOR
