Ada de Cardano
fell by 1.71% in the last 24 hours, negotiating $ 0.6229 in June 14. The assets briefly slipped to $ 0.6176 before stabilizing, holding its place despite a bright wave of sales from major holders.
According to recent market data, whales have dropped more than 270 million ADAs – around $ 170 million – in a decision that added significant pressure to the price of token for a week marked by geopolitical volatility.
However, in the middle of the sale, the Cardano Foundation unveiled a new product intended for the adoption of companies. On Thursday, the organization was launched, a solution based on the blockchain to check the origin of the product and authenticity. Designed to help companies rationalize compliance and protect against counterfeits, original allows companies to scan and follow critical chain products, allowing instant verification by consumers and regulators.
On its website, the foundation stressed that the origin is built to strengthen the brand’s confidence in industries where the transparency of the supply chain is critical. By positioning itself as a tool for regulatory compliance and consumer insurance, the product can help strengthen Cardano’s reputation in corporate circles, in particular at a time when investors are looking for real use cases beyond DEFI and the tablecloth.
The announcement comes only a few days after Ada’s addition to the Nasdaq cryptography index, joining Bitcoin and Ethereum. While short-term feeling remains fragile due to the behavior of wider whales and macro-tendencies, the expansion institutional profile of Cardano could provide longer-term support.
Strengths of technical analysis
- ADA varied between $ 0.6176 and $ 0.6428, closing nearly $ 0.6229, daily loss of 1.71%.
- The resistance remains strong nearly $ 0.642 to $ 0.645, while the price broke below the support at $ 0.636.
- The heaviest volume peaks occurred after 6:00 p.m. GMT while the price dropped by $ 0.62, triggering a brief sale followed by a consolidation.
- The trend remains down with lower tops forming throughout the day and rejection at $ 0.635.
- Price action suggests short -term stabilization, but whales remain dominant in the direction of the market
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