Cardano price Analysis

Key Notes Charles Hoskinson announced a third-party audit of IOG’s ADA reserves after fraud allegations from NFT artist Masato Alexander. Cardano’s Total Value Locked surged past $412 million with 15% increase in stablecoin inflows over the weekend period. Technical analysis shows ADA trading above Bollinger Bands with potential targets at $1.00 and $1.20 despite overbought […]

Key Notes ADA achieved its first daily close above the 200-day moving average since March, signaling potential trend reversal. Open Interest jumped 12.06% to $1.45 billion while trade volume soared 92.42%, indicating strong institutional commitment. Critical support at $0.76 must hold for bulls to target $0.9053 resistance and validate macro bullish breakout scenario. Cardano ADA

Key Notes Reeve targets NGOs and ESG enterprises under regulatory pressure to modernize their financial reporting systems. ADA price forms falling wedge pattern with potential 120% upside to $1.30 if bulls break above $0.6053 resistance. Snorter presale raises $1.46 million as ADA traders diversify into Solana-based meme coin trading opportunities. On Tuesday, July 8, the

Key Notes ADA’s bounce from $0.50 demand zone mirrors previous February and April reversals, reaching the upper boundary of its six-week decline. RSI recovery to 43.12 shows early momentum shift, but confirmation requires a decisive break above the neutral 50 threshold for sustained bullish validation. Exchange outflows of $6.02 million indicate accumulation behavior, though muted