Cardano sees slight sell pressure, but the builder community remains focused on long-term scaling milestones.
What's Happening:
$ADA dips to $0.38, down 1%.- Development activity remains high (GitHub commits).
Market sentiment is weighing heavily on "high supply" L1s.
Staking participation remains stable, providing a soft floor.
Why It Matters: Prices fluctuate, but code ships. ADA's high staking ratio makes it harder to crash, but lack of new narratives makes it hard to pump.
Technical View: $0.38 is weak support. Major support sits at $0.35. Needs to reclaim $0.40 to show strength.
🎯 Key Levels:
Support: $0.35 | Resistance: $0.40
24h Range: $0.375 - 0.385
💡 Slow and steady wins the race, but the race is long.
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#ADA #Cardano #Crypto #Blockchain #Hoskinson
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
