Cardano’s price finds support at 0.70 USD, indicating a potential short-term recovery. After a decline of 16.17% last week, ADA is currently trading above 0.73 USD. If this momentum continues, it could test the resistance level at 0.84 USD.
Sentiment among ADA traders is improving as funding rates turn positive, with a noteworthy increase in bullish bets in the derivatives market. The long-to-short ratio is at 1.13, suggesting more traders anticipate a rally.
The Cardano Foundation, along with IOTA and INATBA, engages with the UK’s FCA to advocate for clearer crypto regulations, aiming for a differentiated approach that recognizes the uniqueness of decentralized protocols.
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