Cardano (ADA) Price: ADA Flashes Weekly Buy Signal — Can It Breakout?

TLDR

• ADA dropped 1.86% in 24 hours, trading near $0.267, holding the $0.26–$0.27 support band
• The SEC and CFTC issued joint guidance clarifying crypto asset categories including digital commodities and securities
• Cardano’s Protocol 11 (van Rossem) hard fork is approaching, with Node 10.7.0 prerelease expected soon
• Bears remain in control; bulls need to reclaim $0.28 to target $0.29–$0.30
• On-chain analyst @alicharts flagged a TD Sequential “buy signal” on the weekly chart, with targets of $0.32 and $0.37

Cardano (ADA) is trading near $0.267, down 1.86% over the past 24 hours. The price is holding within a support band between $0.26 and $0.27.

The broader crypto market also fell during the same period. Total global crypto market cap dropped 1.26% to $2.41 trillion.

Rising tensions in the Middle East pushed crude oil prices higher. That revived inflation concerns and triggered a selloff in risk assets including crypto.

Bitcoin held above $70,000 despite a small daily loss. Ethereum stayed above $2,100 and XRP held above $1.40.

On the four-hour chart, ADA sellers pushed back after a failed breakout attempt at recent highs. The MACD histogram shows red bars below the signal line, and the RSI sits below 50, pointing to short-term weakness.

For bulls to take back control, ADA needs to reclaim $0.28. A sustained move above that level could open the door to $0.29 and then $0.30.

Analyst Ali Charts posted on X, noting that Cardano has printed a TD Sequential “black 9” buy signal on the weekly chart. The analyst said this setup “typically anticipates 1–4 weeks of upward expansion,” with targets at $0.32 and $0.37 if ADA holds $0.23 on a weekly close.

https://twitter.com/alicharts/status/2034859227110351302?s=20

SEC and CFTC Release Joint Crypto Guidance

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission released joint guidance on crypto asset classification. The agencies outlined categories including digital commodities, collectibles, stablecoins, and digital securities.

The guidance also explains when a token falls under an investment contract and when that status can end. The CFTC confirmed that some non-security tokens may qualify as commodities. Analysts say clearer rules could affect ADA’s market sentiment and future ETF discussions.

Protocol 11 Hard Fork Is Near

Cardano is moving closer to its next network upgrade. The intra-era hard fork to Protocol 11, known as van Rossem, is expected in the coming days.

https://twitter.com/IntersectMBO/status/2034598520892571701?s=20

The upgrade requires two node releases. Node 10.6.2 arrived in February. Node 10.7.0 is now the final step before the hard fork can proceed.

Intersect, a member-based body in the Cardano ecosystem, confirmed the Node 10.7.0 prerelease is expected soon.

Protocol 11 adds new Plutus built-in functions through several CIPs. These include an array type (CIP-138), improved MaryEraValue handling (CIP-153), modular exponentiation (CIP-109), and multi-scalar multiplication for advanced cryptography (CIP-133).

The upgrade does not change transaction structure or break existing contracts. Hardware wallets are not affected. SanchoNet is already running these features in testing.

The mainnet launch will follow testnet forks once the process is complete.

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