📈 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 zone and rebounded to $0.66. This move formed an ascending channel with resistance at $0.644, according to CoinDesk Research's technical model.

📌 Technical Highlights:

Resistance: $0.643–$0.644

Strong support: $0.620–$0.623

Bullish recovery with decreasing volatility

High volume confirms strong buying interest

🧠 Fundamental Catalysts:

Franklin Templeton ($1.6T AUM) is now running Cardano nodes.

Cardano partnered with Norway's NBX to build Bitcoin-based DeFi.

First Bitcoin-to-Cardano transaction via Ordinals completed — unlocking $1.5 trillion in potential cross-chain trading volume!

With solid fundamentals and favorable chart patterns, ADA may be setting up for a bullish breakout if it clears the short-term resistance.

⚠️ Disclaimer: This post is for educational purposes only and does not constitute investment advice.

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