Today's trading, ADA is trading at $0.6343, down slightly by 0.53% from yesterday's close, recording a low of $0.6291 and a high of $0.6436 during the session.

From a technical perspective, ADA appears to be constrained within a sideways range between $0.62 and $0.65, indicating a potential accumulation phase before a new wave begins. If buyers succeed in breaking the resistance at $0.65 with increased trading volume, this could open the door to targeting the $0.68-$0.70 level in the medium term.

On the fundamental side, the Cardano team continues to develop its second layer (Hydra) infrastructure, in addition to working on improving smart contract capabilities beyond the GooGoo Chain. These developments are attracting decentralized finance (DeFi) projects and decentralized applications (dApps), thus increasing demand for ADA as the operating currency within the network.