Cardano (ADA) Down 2.4% as Triangle Pattern Approaches Critical Breakout
Cardano trades at $0.6981 after a 2.4% decline, approaching a crucial breakout from a multi-year symmetrical triangle pattern that could determine Q3 price direction.
Cardano trades at $0.6981 after a 2.4% decline, approaching a crucial breakout from a multi-year symmetrical triangle pattern that could determine Q3 price direction.
Cardano has gained 11.80% over the past week and 2.20% in 24 hours, trading at $0.8274 with a market cap exceeding $29.2 billion, driven by blockchain infrastructure improvements and growing DeFi adoption.
Apex Fusion and Well-Typed have formed a strategic partnership to enhance Cardano’s ecosystem with institutional-grade features through the VECTOR implementation, aiming to improve DeFi capabilities and cross-chain functionality.
Cardano (ADA) is gaining upward traction, approaching the key $0.60 resistance level as buyer interest returns. Technical indicators suggest potential for further gains if bullish momentum continues.
The SEC has approved Grayscale’s Digital Large Cap Fund conversion to an ETF, giving investors access to Bitcoin, Ethereum, XRP, Solana, and Cardano through a single regulated investment vehicle. The approval signals potential for more multi-crypto ETFs in 2025’s second half.
Coinbase has introduced cbADA, a wrapped version of Cardano on the Base network, enabling ADA holders to access Ethereum DeFi protocols while Cardano’s price seeks recovery from recent declines. The launch coincides with anticipation around Cardano’s Midnight sidechain and its upcoming NIGHT token airdrop.
Fineqia International reports surging revenue driven by strong performance of its Cardano Exchange-Traded Note (ETN), highlighting growing institutional interest in digital asset products.
Cardano’s ADA trades near $0.62 under pressure from $170 million in whale selling, while the foundation launches Originate platform for product authentication.
Norwegian Block Exchange (NBX) has become Norway’s first publicly traded company to add Bitcoin to its treasury, acquiring 6 BTC with plans to reach 10 BTC by month-end. The exchange will use this Bitcoin as collateral to launch USDM, Europe’s first MiCA-compliant stablecoin on the Cardano network
Privacy-focused Brave browser announces integration with Cardano blockchain, allowing its 85 million users to soon send, receive, and swap ADA cryptocurrency through its built-in multi-chain wallet.