$ADA Current Situation and Price Movements

• The price is around US$ 0.64, with a slight increase in the last 24 hours.  

• Selling pressure has been observed since the resistance test near US$ 0.68, resulting in a correction to the zone of US$ 0.62–0.63. 

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⚙️ Main Driving Factors

1. Treasury Debate of US$ 100 million in ADA

• Proposal by Charles Hoskinson (IOG) for allocation of ~140 M ADA from the treasury into stablecoins and Bitcoin.

• The initiative has generated divisions in the community, with concerns about mass selling and “front-running,” despite Hoskinson ensuring “no impact” execution via OTC/TWAP. 

• The announcement triggered a drop of ~6%, from US$ 0.688 to US$ 0.625, before a slight recovery. 

2. Volume and Technical Interest Reduction

• Transaction volume declined by about 19%, falling to ~US$ 640 M, indicating a decrease in speculative interest. 

• Technical indices (Ichimoku, Fibonacci) suggest short-term weakness, with potential support at US$ 0.62–0.63. 

3. Recent Positive News

• Inclusion of ADA in the Nasdaq crypto index kept the price between US$ 0.66 and US$ 0.72, with volume increasing by +68%.