Cardano (ADA) is consolidating near recent highs in a tightening intraday range, with the token trading around $0.26. Analysts say ADA is testing key technical levels that could shape its next move, noting that a sustained break above $0.29 could target new local highs, while slipping below $0.278 could reverse the rebound. A cross-chain catalyst appears to be emerging as market chatter grows around Cardano and Solana.
Crypto analyst Leader Alpha reported that Cardano’s Charles Hoskinson and Solana Foundation’s Lily Liu met at a private dinner to discuss their ecosystems and potential collaboration, signaling a possible easing of tensions between the two communities. Hoskinson recently announced a launch date for the privacy-focused Midnight chain, with NIGHT tokens being airdropped to Solana wallets, implying cross-chain activity that could energize both ecosystems. This cross-chain momentum may support ADA’s technical pace and attract investor interest, especially as the market maintains around the $0.25 level. In this context, preserving near-term support could bolster the bullish recovery, while a break below could weigh on sentiment, underscoring how cross-chain developments might influence ADA’s trajectory.
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