DeGRAM | ADAUSD is testing the resistance line📊 Technical Analysis
● ADAUSD recently bounced off a rising support line near $0.85, staying within a broader ascending channel. The initial rebound sets sights on the key resistance at $1.02 (formerly a breakout zone).
● A breakout above this $1.02 level would confirm upward momentum and could propel ADA toward $1.10–$1.15, in line with the channel’s upper boundary and prior swing highs.
💡 Fundamental Analysis
● Regulatory clarity under the Clarity Act reclassified ADA as a commodity, boosting institutional confidence. Grayscale's ADA ETF approval odds now sit at 80–83%, backed by $1.2 billion in ADA custodied by major firms.
● ADA futures volume has surged to a five‑month high of $7 billion, and DeFi TVL on Cardano has risen 56% to over $420 million—underscoring growing on‑chain demand.
✨ Summary
Bullish above $0.85; breakout above $1.02 targets $1.10 → $1.15. Invalidation triggers if price closes below $0.85.
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