ADA/USDT Consolidates Near Support — Can Buyers Regain Control?
ADA/USDT is currently trading near 0.3918 on the Binance daily chart, showing consolidation after a prolonged downtrend.
Technically, the price is holding above the MA(25) around 0.377, which is acting as short-term support.
The recent bounce from the 0.329 low suggests selling pressure is weakening at lower levels.
However, ADA is still trading below the long-term MA(99) near 0.49, keeping the broader trend bearish.
Immediate resistance is located around 0.41–0.43, where previous rejections occurred.
Short-term bullish continuation is possible if price sustains above the 0.38 support zone.
Short-term targets remain 0.42 and 0.45 if momentum improves.
Fundamentally, Cardano continues to focus on network scalability, governance upgrades, and ecosystem development.
Recent market discussions highlight steady progress in Cardano’s development roadmap despite weak price performance.
Disclaimer: This content is for educational purposes only and does not constitute financial advice.
#StrategyBTCPurchase #ADAAnalysis #ADABullish #WriteToEarnUpgrade