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Time Details
2025-07-07
18:22
Cardano (ADA) Price Under Whale Pressure at $0.62 Despite New Enterprise Product; Tokenized Reinsurance Signals Next RWA Wave

According to @ItsDave_ADA, Cardano (ADA) is experiencing significant downward pressure, trading around $0.6229 after whales sold over 270 million ADA, worth approximately $170 million. This selling activity has created a bearish trend, with technical analysis showing ADA breaking below the $0.636 support level and facing strong resistance near $0.645. Counteracting this pressure is the Cardano Foundation's launch of 'Originate,' a new blockchain-based enterprise product for supply chain verification, aimed at boosting real-world adoption. This fundamental development, along with ADA's recent inclusion in the Nasdaq Crypto Index, provides a potential long-term bullish case. The analysis also highlights the evolution of Real World Assets (RWAs), identifying tokenized reinsurance as a major emerging trend. This $784B+ market is becoming accessible on-chain, offering crypto-native structured yield products that are not tied to traditional market cycles.

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