$ADA 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 regarding 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

Particularly:

Large cash flow has a net withdrawal of -5.28M ADA, indicating that whales or institutions are being cautious and temporarily sitting out.

In the last 5 days, large cash flow has been withdrawn a total of -27.49M ADA, confirming the trend of weakening capital flow.

🧠 Sentiment Analysis and Price Momentum

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

The price of ADA reacted negatively even though BTC is slightly up, indicating that internal factors are weighing heavily.

🔧 Technical Recommendations

Need to monitor the support area near $0.62 – if broken, it could drop deeper to $0.58.

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