ADA rose to around 0.175u today. Over the past two days, it has been gradually stabilizing above the short-term moving averages, forming a base above the June low.

On June 30, it dropped to 0.145u. This month’s worst period saw a decline of nearly 40%. During that time, giant whales kept accumulating on dips, but on-chain usage was still trending downward—an unusually split picture.

On July 18, it completed a hard fork upgrade called Van Rossem, raising the protocol version to 11. Smart contracts became faster and cheaper, and node security was strengthened. The upgrade process went smoothly, but whether it can truly translate into a price increase depends on what comes next.

Now, the RSI has already climbed out of the oversold zone back above the neutral level, and momentum indicators are improving. However, trading volume is still on the low side, suggesting the market is waiting for a confirmation signal and doesn’t dare to enter in size.

Technically, the 0.16u level is the key support right now. If it can hold there, it will have a foundation to look for a larger reversal on a higher timeframe. But for now, it’s still far from the higher, long-term pressure level. In the short term, the focus is whether it can defend this support #ada $ADA