$ADA Price Analysis ✍️
The whale has moved $20 million in ADA, which is a positive signal. The market capitalization of Cardano is ~$24.68 billion with 24-hour trading volumes at $540.9 million. The price is supported above the 50-day EMA ($0.6867), and an RSI of 38 suggests potential upward momentum.
Key events include a decision on scaling the second-level Hydra, which improves transaction speeds, and Mithril, which reduces wallet synchronization time. Cardano's DeFi is growing, and Begin Wallet offers a 21% APY on loans in stablecoins.
Despite bullish fundamental factors, ADA faces resistance at the $1 level, where a breakthrough or failure could determine the next price movement.
A confirmed rise above $1 could target $1.05–$1.12, while a failure could lead to a drop to $0.6620 or $0.5950.
Buy and trade here 👉 $ADA
