📈 ADA Update: Cardano Shows Signs of Technical Recovery!

💥 After a sharp drop from $0.688 to $0.621 (-10.29%), ADA found strong support in the $0.620-$0.623 range, recovering to $0.66. This reversal occurs within an ascending channel with resistance at $0.644 — pattern identified by CoinDesk Research.

📌 Technical Highlights:

✅️ Resistance: $0.643–$0.644

✅️ Strong support: $0.620–$0.623

Reversal with low volatility

High volume confirms relevant movement

🧠 Fundamentals that reinforce the trend:

Franklin Templeton, managing $1.6 trillion, is operating nodes on the Cardano network.

Cardano's partnership with Norway's NBX for Bitcoin integration in DeFi.

The first BTC→ADA transaction via Ordinals has been completed, unlocking up to $1.5 trillion in cross-chain volume!

With solid fundamentals and a favorable technical pattern, ADA may be ready for a new rally if it breaks the short-term resistance.

⚠️ Disclaimer: This content is for informational purposes and does not constitute an investment recommendation.

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