$ADA dipped 0.56% in 24h, pressured by technical resistance near $0.58–$0.60 and profit-taking from whales who sold 310 $ADA in June amid Bitcoin dominance at 64.8%. The RSI sits weak at 39, signaling bearish momentum but not oversold yet.
• Key Levels to Watch:
Support: $0.56 pivot → $0.513 swing low.
Resistance: $0.60 immediate → $0.72 next major hurdle
Despite short-term pressure, bullish catalysts loom:
75% odds of a Cardano ETF approval by 2025, following BlackRock’s lead.
Midnight upgrade launching privacy-focused sidechains by November 2025, targeting institutional asset tokenization.
$100M treasury reallocation proposal to boost DeFi liquidity, though it fuels community debate.
📊 Institutional interest is real, Franklin Templeton runs Cardano nodes, TVL surged 70% to $431M post-Coinbase wrapped $ADA integration.
Bottom line: ADA's short-term charts look bearish, but breaking $0.60–$0.72 could trigger a strong rebound toward $0.86 and beyond. Failure to hold $0.55 risks a drop to $0.47, a critical support zone.
🔥 Smart money is watching. Are you ready to position before the next big move?
#Cardano #ADA! #CryptoTrading. #Binance #Altcoins!
