Cardano (ADA) Next Week Update.🔥🔥🔥$
Technical:
ADA is trading in a tight range between $0.58–0.63. The RSI sits near 48, showing indecision. A break above $0.63 would be bullish, but volume remains low.
📎 Source: Trading view
Fundamental:
Cardano continues focusing on long-term projects like Mithril and Midnight. However, whale wallets sold off 170M ADA recently, adding short-term pressure.
📎 Source: Santiment
On-Chain:
Staking addresses are consistent, but daily on-chain volume has declined 15% this week.
📎 Source: Cardano Scan
Summary:
⚖️ ADA in consolidation; breakout needed for trend shift.
🐋 Whale selling adds short-term weakness.
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