Cardano News Update: ADA Faces Technical Downtrend While Foundation Pursues Web3 Growth Amid Regulatory Uncertainty
- ADA maintained $0.63 support within a tightening symmetrical triangle, with potential breakout targets at $1.70 or $0.55 if key levels break. - Coinglass reported $1.34M ADA outflows amid bearish technical indicators, including Parabolic SAR dominance and critical EMA barriers at $0.69-$0.77. - Cardano Foundation plans to apply for .ada/.cardano gTLDs in 2026, aiming to boost ecosystem visibility and utility across Web2/3. - Bitcoin ETFs saw $90.6M inflows while Ethereum ETFs lost $93.6M, with SEC delays
Cardano's
Technical signals indicate ADA is at a critical point. The Parabolic SAR indicator remains above the price, suggesting sellers are still in control in the short term. Bulls need to push the price decisively above $0.70 to regain upward momentum. If ADA can break through the EMA resistance zone, it may rally toward the $0.82–$0.92 area, which aligns with previous Fibonacci retracement barriers. On the other hand, if support at $0.605 fails, ADA could slide further to $0.55 or revisit the $0.51 support, as highlighted in the Coinedition article.
On the fundamental side, positive news is helping to offset the bearish on-chain trends. The
Elsewhere, broader market trends reveal mixed investor attitudes across cryptocurrencies.
The combination of macroeconomic influences and project-specific progress creates a complex environment for ADA. While outflows continue, the lack of major liquidations suggests long-term investors are holding firm. This stands in contrast to recent swings in altcoins, where Ethereum’s struggle to stay above $4,000 has heightened investor wariness, as noted in the Coinotag report. For Cardano, the mix of technical consolidation, ecosystem advancements, and positive regulatory outlook could set the stage for a breakout in the near future, provided market conditions stabilize and the SEC resumes normal operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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