$ADA ADA 🔵 **#ADAToday – Cardano Holds Steady Amid Debate** Cardano (ADA) is currently trading around **\$0.635**, showing signs of stabilization after a recent 6% drop triggered by a heated community debate over a \$100 million treasury proposal aimed at boosting DeFi liquidity. Despite the dip, ADA is holding key support near \$0.63. Technical patterns suggest a possible falling wedge, which could lead to a breakout if momentum builds. Resistance lies near \$0.65, and a successful push above could reignite bullish sentiment. While short-term uncertainty lingers, Cardano’s strong fundamentals and active community continue to support long-term confidence. #Cardano #ADA #CryptoUpdate
#CardanoDebate Cardano founder Charles Hoskinson has proposed using 140M ADA (~$100M) from the treasury to boost DeFi growth by purchasing BTC and Cardano-native stablecoins (USDM, USDA, IUSD). ADA dropped 6% following the announcement, as the community remains divided. Some see it as a bold step toward ecosystem maturity, while others argue it’s risky given market conditions and governance concerns.
💬 What’s your take on this proposal? How would this move affect long-term ADA value?
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