The builders are building, but the price is testing patience. Cardano rests on a precarious support level despite massive dev activity.
What's Happening:
$ADA tests long-term support at $0.36; break below risks $0.33
Development activity remains industry-leading with "Midnight" upgrade focus
Integrated Pyth's Lazer oracle for faster DeFi updates
Staking participation remains stable despite price action
Why It Matters: There is a disconnect between price and fundamentals. While the market sells off, the network's capabilities are expanding. This divergence tests the conviction of long-term holders.
Technical View: $ADA is at a make-or-break level. $0.36 is the line in the sand. A bounce here could form a double bottom, but weakness invites a test of lower liquidity zones.
🎯 Key Levels:
Support: $0.3600 | Resistance: $0.4000
24h Range: $0.3610 - $0.3850
💡 Price follows value, but sometimes it takes the scenic route
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Cardano #ADA #CryptoDevelopment #DeFi #Holkinson
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.
