- Cardano (ADA) is above $ 0.60, with $ 0.63 acting as a critical Fibonacci support zone, while the top remains covered by resistance near $ 0.68 -$ 0.72 EMA cluster.
- The volume of the chain has been suppressed since the beginning of June, yet long/short relationships above 2.5 on Binance and OKX suggest that traders position for a bullish reversal.
- An outbreak above $ 0.72 is needed to confirm a trend shift, while not holding $ 0.60 ADA to a retest of the support range of $ 0.48 – $ 0.50.
Cardano On-Chain and Governance Update
Cardano surpassed 1.3 million impact addresses this week and confirmed its position as one of the most actively set block chains. The deployment activity is expected to increase further with the upcoming launch of $ Night Token Rewards, which will be issued in addition to regular ADA returns.
In the meantime, Charles Hoskinson’s $ 100 million ADA Treasury Realocation Proposal continues to make a debate. The proposal is intended to generate native stablecoins (USDM, USDA, IUSD) in Mint, treasury and to strengthen defici -liquidity.
This transforms the Cardano treasury into a decentralized sovereign wealth fund. Although ambitious, the plan has fueled the division within the community.
ADA/USD Technical View: Price compression under resistance
Coinbase saw small inflow (~ $ 367k), while OKX and cracks of $ 700k each output.
Conclusion: accumulation or breakdown ahead?
The basic principles of Cardano – growth of the address, the innovation of the Treasury and Defi integrations – can strengthen. But technical means remain under pressure. A persistent outbreak above the EMA cluster of $ 0.68 – $ 0.72 is needed to confirm trends and to attract new liquidity.
Until then, Ada remains trapped between speculative long bias and structural vulnerability. Traders look closely at $ 0.60. If it applies, the accumulation continues. If it breaks, the objectives shift to $ 0.50 and lower.