$ADA #ADA/USDT

🔍 Technical Analysis of ADA/USDT - Last 24h

In the past 24 hours, the price of ADA has slightly decreased by ~0.16%, trading around $0.6356, reflecting cautious sentiment from investors after controversial information about Charles Hoskinson's proposal to use 140 million ADA from the fund.

📉 Cash Flow

Total Buy: 83.28 million ADA

Total Sell: 88.03 million ADA

Net Withdrawal: -4.75 million ADA

Notably:

Large cash flow net withdrawal of -5.28M ADA, indicating that whales or institutions are being cautious and temporarily staying on the sidelines.

In the last 5 days, large cash flow net withdrawals totaled -27.49M ADA, confirming the trend of weakening capital flow.

🧠 Sentiment and Price Dynamics Analysis

Negative news (proposal to use 140M ADA) has caused market divergence, reflected in increased selling pressure.

The price of ADA reacted negatively despite a slight green in BTC, indicating that internal factors are weighing heavily.

🔧 Technical Recommendation

Need to monitor the support zone around $0.62 – if breached, it could drop deeper to $0.58.

Short-term resistance at $0.66 – if surpassed, it will trigger a slight recovery sentiment.