Cardano ADA faces increasing technical and fundamental pressures today, after dropping to critical support levels near $0.63, influenced by widespread controversy within the community over a proposal to transfer 140 million ADA from the project treasury to stablecoins. This proposed shift has sparked a wave of concern among investors, fearing it could lead to selling pressure on the currency. On the technical side, indicators such as RSI and MACD show negative signals on the daily timeframe, while the price moves within a narrow range between $0.62 and $0.68, facing strong resistance at the level of $0.665. If this barrier is not clearly broken, the odds of a drop towards the $0.60 level remain. In terms of fundamental analysis, ADA is based on strong developments including the expansion of the Hydra solution for the network, increased compatibility with Ethereum, and multiple applications under development on the Cardano platform. Decentralized community governance enhances some investors' confidence, but at the same time, it is a source of division in perspectives. On the other hand, whale movements indicate partial selling over the past few days, putting pressure on the currency's upward momentum. Anticipation dominates the market, as investors await a clear resolution regarding the financial proposal and the price's response to the current technical support. The opportunity still exists to form a new upward wave if a break of resistance is confirmed with support from an increase in trading volume.

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