ADA on the Brink: $0.7 Could Flip Mid-Term Sentiment as Cardano-Ripple Chatter Fuels Momentum
According to market analyst Lingrid, Cardano’s native token ADA has been tracing a structured downtrend, moving through defined ranges and descending channels. Source: Lingrid Each decline sparks short-lived...
According to market analyst Lingrid, Cardano’s native token ADA has been tracing a structured downtrend, moving through defined ranges and descending channels.
Each decline sparks short-lived rebounds, signaling active trader participation but lacking the momentum needed for a lasting trend reversal.
Lingrid notes that a decisive break above the $0.66 resistance could ignite fresh momentum, shifting sentiment from defensive to cautiously bullish.
Notably, this breakout may mark the end of consolidation and open the path toward the next target zone, where prior highs and key moving averages align.
From a technical perspective, ADA is mirroring the broader market’s cautious sentiment. Its steady range-bound movement shows traders are respecting key support and resistance levels, awaiting confirmation before committing to new positions.
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While selling pressure has eased, buying momentum remains subdued, a setup that often precedes a strong rally if resistance is decisively broken.
Therefore, a breakout above $0.70 could reignite market confidence, while losing current support may trigger a deeper pullback toward the year’s earlier lows with the current price being $0.66.
Cardano Foundation Joins Ripple-Cofounded MiCA to Advance Web3 Compliance and Transparency
In a landmark step toward enhancing regulatory transparency and advancing Europe’s Web3 ecosystem, the Cardano Foundation has joined the Ripple-cofounded MiCA Crypto Alliance, a collaborative initiative driving industry-wide compliance with the EU’s Markets in Crypto-Assets (MiCA) framework.
The alliance, formed by leading blockchain organizations, seeks to simplify regulatory navigation for crypto projects through shared resources, expertise, and MiCA-compliant documentation.
By joining forces, Cardano and Ripple underscore a united commitment to responsible innovation and higher industry standards across the digital asset landscape.
As part of the partnership, the Cardano Foundation co-authored a MiCA-compliant white paper for ADA, Cardano’s native token.
Independently prepared by the Alliance with technical input from the Foundation, the document details ADA’s purpose, governance model, and risk disclosures to ensure full alignment with MiCA regulatory standards.
Meanwhile, Cardano has rolled out Hydra Node 1.0.0, a major upgrade engineered to dramatically boost speed and slash transaction costs, setting a new performance benchmark in blockchain efficiency. The release serves as a foundational milestone, with developers already planning advanced features and further optimizations.
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