$ADA This week, expectations for Cardano (ADA) remain cautious, reflecting the broader market sentiment and recent price action. While some analysts maintain a long-term bullish outlook due to ongoing developments such as the Chang hard fork and Hydra scalability, short-term indicators suggest a potential continued consolidation or even slight downward pressure.

The recent distribution by whales and a decrease in Open Interest indicate contained bullish momentum. ADA has struggled to break key resistance levels, with immediate support around $0.60. A successful advance past the upper resistance, around $0.74, could signal a more positive trend. However, without significant catalysts or a broader market rally, ADA is likely to continue trading within its current range, emphasizing the importance of closely monitoring technical indicators and market volume for any decisive movement.