Overview
- ADA rose 8–10% to roughly $0.28–$0.29 after clearing a long‑running descending resistance near $0.25 that has flipped to support.
- Mid‑tier whale addresses holding 1M–10M ADA accumulated about 60 million coins since Friday, while larger cohorts trimmed positions, signaling mixed supply dynamics.
- Futures data show open interest around $104.63 million and funding near +0.009%, indicating fresh speculative positioning and reinforcing short‑term momentum.
- On‑chain and ecosystem signals improved, with a one‑day TVL increase to about $553.5 million and the privacy‑focused Midnight sidechain expected to go live before month‑end.
- Traders are watching $0.30 as the next hurdle, followed by $0.34–$0.35, while $0.25–$0.27 remains the key support band beneath overhead EMAs.