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Cardano (ADA), the 10th largest cryptocurrency by market capitalization, has entered a moment of equilibrium, with an hourly Relative Strength Index (RSI) of 50, indicating that bulls and bears are in near-perfect balance.
The RSI is a momentum indicator that measures the strength of market fluctuations. Readings above 70 frequently suggest overbought situations, and readings below 30 indicate oversold areas. The RSI is exactly 50, indicating a tug-of-war between buying and selling pressures, with neither side having control.
Traders are now waiting to see if this equilibrium might precede a breakout or simply a temporary pause before further declines.
ADA is now trading at $0.7351, down 2.71% over the past 24 hours. With the RSI hitting 50, Cardano is at a crossroads. Traders should be prepared for a daily decisive move as the market determines its next course. For the time being, ADA is in equilibrium; nevertheless, history suggests that such equilibrium rarely lasts long. The next resistance level is $0.856, with support projected at the daily SMA 50 and 200 at $0.686 and $0.728.
2025 transformative for Cardano
The year 2025 has been transformative for Cardano governance, with the community taking full control of the blockchain’s future.
January 2025 enabled the Plomin hard fork, which allowed fully decentralized governance implementation and complete activation of the governance capabilities first integrated with the Chang hard fork.
Cardano now operates as a self-sustaining system, and with the first successful treasury withdrawal, Cardano has proven that a digital community and open-source development can be self-funded.
The recent leap in governance allows ADA holders to directly influence protocol parameters, treasury allocations and development priorities, with the DRep system balancing distributed governance power with decision-making efficiency.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team