📉 Cardano (ADA) held firm around $0.80 despite Trump’s announcement of a 50% EU tariff from June 1, which reignited global trade fears. The market's muted reaction suggests investors are adjusting to macro risks, while some analysts see this as the calm before a bullish storm.
📊 ADA continues to consolidate within a falling channel, with recent rejection at $0.85. But according to Dan Gambardello, this pattern mirrors a "coiling" phase—similar to Ethereum’s past cycles—suggesting ADA could be prepping for a parabolic breakout toward $1 if key EMAs hold support.
🔍 Messari’s Q1 report reveals Cardano’s resilience. Despite ADA’s market cap dip, staking remains stable at 21.6B ADA, and treasury balance rose 5% to 1.7B ADA. The stablecoin market also surged 30%, signaling growing DeFi traction across the network.
💥 Gambardello highlights that if ETH breaks out, it could trigger a full-blown altcoin rally—one where ADA, with its methodical build-up and technical base, is well-positioned to lead the charge toward $1 and beyond.
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This post is for informational purposes only and does not constitute financial advice or endorsement.
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