Cardano stuck in $0.20–$0.23 range as fees rise and liquidity flows in
- —ADA is holding between support at $0.20 and resistance at $0.23 with no clear breakout
- —The 20- and 50-day MAs have nearly converged, and trading volumes are not rising
- —The community approved allocating tens of millions of dollars in ADA for DeFi liquidity
- —A regulatory-compliant stablecoin has been issued on the Midnight sidechain
Why it matters: The key signal for ADA is not the range breakout itself but rising network activity and liquidity distribution, which could set the trend's direction.
Source: Digital Today