1 day ago
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Key Takeaways
- ADA is testing resistance between the 100-day SMA at $0.1984 and $0.20.
- Price remains above the former wedge boundary and support near $0.1848.
- Large Cardano addresses added more than 240 million ADA over five days.
- Derivatives flows have strengthened more consistently than spot demand.
- The Injective connection and Leios scaling system remain in testing.
ADA climbed to an intraday high near $0.196 before giving back part of the move, leaving the token around $0.19 at the time of writing.
The 100-day simple moving average sits at approximately $0.198, close to the previous swing high and the psychological $0.20 level. This places Cardano directly beneath the first major resistance area of its late-July recovery.
ADA is still forming higher lows and higher highs, but it has not yet produced a daily close through the barrier overhead.
ADA’s Wedge Breakout Meets the 100-Day SMA
Cardano remains above the 0.236 Fibonacci retracement near $0.18, the rising trendline formed during the late...
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