📢 Cardano Traders Turn Bullish — Will ADA Break Resistance This Time?
Cardano (ADA) is showing signs of a potential comeback, holding strong around the $0.70 level after last week’s 16% drop from $0.84. With funding rates rising and bullish bets hitting a monthly high, derivatives data hints at a growing shift in market sentiment.
🚀 Key Highlights:
ADA Price: Rebounded after retesting $0.70 — a critical level near its 200-day EMA. Trading above $0.73 signals strength.
Derivatives Outlook: CoinGlass data shows fewer traders are betting against ADA, suggesting increasing confidence.
Resistance Ahead: If momentum holds, ADA could retest $0.84. But a reversal may bring it back to $0.70.
⚖️ On the Regulatory Front: The Cardano Foundation, alongside IOTA and INATBA, is pushing back against the UK FCA’s one-size-fits-all crypto regulation. They’re calling for a clearer distinction between centralized custodians (the source of most consumer harm) and transparent DeFi protocols.
> “DeFi isn’t the problem — opaque centralized services are,” the group argues, pushing for industry-led self-regulation and innovation-friendly rules in the UK.
📈 Momentum is building — can ADA finally break past resistance?
