Crypto Express
06/17 01:28
ADA price analysis
As flagged by analyst, Cardano’s $0.60 support zone has been structurally fragile, with large holders showing signs of retreat. Plus, its ADA/BTC pair retraced to its pre-election lows – A sign of weakening relative momentum.
Meanwhile, Futures order books revealed a lack of aggressive bids, keeping speculative liquidity thin and reducing short-term upside pressure.
Taken together, Cardano seemed to be trapped in a pump-and-dump loop at press time. One where smart money hasn’t been buying the dip, but may be selling into strength.
The result? ADA has already posted two lower lows this month, increasing the probability of a deeper correction ahead.
In this kind of volatile setup, even a modest wave of selling could spark broader panic, particularly among retail participants.
So, unless smart money starts scooping up a meaningful chunk of ADA’s supply, this treasury strategy is going to look like a bold but risky bet in the short run.
Still, the proposal marks a paradigm shift. Instead of relying on the usual DeFi staking rewards, Cardano’s aiming for real yield. If it works, it could set a new standard. Not just for ADA, but for how Layer-1s manage long-term value.
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