Cardano Confirms Archax Integration as ADA Tests Critical $0.245 Support

Overview

• ADA trades near $0.25 after a weekly drop of about 9% and remains below its 50- and 100-day moving averages.
• Cardano Foundation confirmed the network’s integration with UK-regulated Archax, establishing a compliant path to tokenize assets on Cardano.
• Derivatives open interest rose 3.87% to $428.45 million and volume jumped 33.39% to $779.84 million following the announcement.
• Analysts note a break below an ascending trendline, putting $0.245 as the key level to hold, with resistance at $0.2614 and a needed daily close above $0.27–$0.28 to shift the trend; failure at support could expose $0.22–$0.23.
• On-chain engagement has weakened, with daily active addresses down to roughly 13.5K, while Binance long/short ratios (~1.81 for accounts; 1.94 for top traders) show a bullish skew and recent liquidations were mostly shorts.