#Cardano (ADA) Price News Today 11-1-2026 - Eliott Wave and technical analysis of Cardano #ADA, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Cardano's (ADA) price as of early January 11, 2026, is approximately $0.39 USD, showing minor fluctuations and a slight decline of around -2.45% over the last 24 hours. The price has recently broken above a multi-week resistance zone, with bullish signals potentially strengthening, though technical analysis suggests a "hold" position for investors at the moment.
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Key Insights
-Technical Breakout: ADA recently broke above a significant resistance zone near $0.37-$0.39, a move accompanied by "whale accumulation" which typically precedes bullish runs. A sustained weekly close above $0.40 would confirm this trend.
-Active Development: The Cardano team continues to show high developer activity, with significant commits to core infrastructure and ongoing work on the Ouroboros Leios consensus upgrade, aimed at boosting transaction throughput to 1000 TPS.
-Ecosystem Growth: 70 million ADA from the project's treasury has been approved to fund critical integrations with Tier-1 stablecoins and cross-chain tools, which aims to address DeFi infrastructure gaps and attract more institutional projects.
-Market Sentiment: While some technical indicators show positive signs, the overall sentiment remains cautious, with analysts generally rating ADA as a "hold" candidate due to a weak near-term technical picture and high market volatility.
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