#Cardano (ADA) Price News Today 23-1-2026 - Eliott Wave and technical analysis of #ADA, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 23, 2026, Cardano (ADA) is trading at approximately $0.3588, showing a slight downward trend in a broader bearish crypto market. Despite recent price slips, the network reported high decentralized exchange (DEX) activity earlier this month, surpassing levels seen in 2022.
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Key Market Insights
--Current Price Action: ADA opened today at $0.3589 and reached a daily high of $0.3642 before settling near $0.3588. This follows a volatile week where prices peaked above $0.41 on January 12th before retreating.
--Technical Sentiment: Analysts currently describe the sentiment as Bearish, with a "Fear & Greed Index" reading of 24 (Extreme Fear). ADA remains below its 7-day, 30-day, and 200-day Simple Moving Averages, indicating persistent selling pressure.
--Development & Governance: A significant "Info Action" vote concluded today with 67.8% approval (representing 3.77 billion ADA), signalling broad community support for the network's current developmental roadmap.
--Ecosystem Growth: CME Group recently expanded into Cardano futures, which is expected to support long-term institutional demand despite current price stagnation.
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