1. Blockchain-related projects

ADA appears to be undergoing a lock-up process. The reasoning behind this is the anticipation of future price increases, and in preparation for potential market fluctuations, many exchange accounts are being locked up. Among these, BitGet has emphasized the significance of holding ADA due to its convenience. Going forward, cautious trading will be necessary, taking into consideration the balance of supply and demand. While it’s important to exercise caution with price predictions, it’s crucial to keep an eye on Cardano’s evolution and formulate trading strategies.

2. Cardano SEC Lawsuit News

Regarding the legal battle between Coinbase and the SEC, an amicus brief has been submitted in support of Coinbase, highlighting educational aspects as well. Coinbase has a potential chance of winning due to having legal grounds. The judge has also shown sympathy towards Coinbase’s claims and a willingness to learn about cryptocurrencies. The amicus brief questions the SEC’s regulatory attempts and aims to prevent regulation without legislative authority.

3. ADA Market Analysis

ADA is expected to continue a sideways movement, with a range-bound market anticipated for some time. Currently, an Elliott Wave triangle pattern is forming, where waves A, B, and C have already been completed, and wave D might also be concluding. However, wave E is still in progress, and there is a possibility of further decline. Without surpassing $0.38, the potential for upward movement is limited, and a definitive bottoming-out has not yet been confirmed.

Quoted URL

https://www.youtube.com/watch?v=4HX1sUTOIt8
https://www.youtube.com/watch?v=_ew0mwahGMw
https://www.youtube.com/watch?v=RUB9_OctPS4