The decline in ETH/BTC and concerns surrounding stablecoins act as short-term bearish factors. However, the vibrancy of the DeFi sector and advancements in scaling technologies highlight ADA's potential. The overall market bias remains neutral to bearish.

・Ethereum's "Biggest Loser" Faces $36.4M Liquidation As the price of Ethereum (ETH) dipped below $4,000, significant long positions faced liquidation. This exacerbates short-term selling pressure in the ETH market, increasing downside risk. Technical analysis for ETH indicates a potential further decline of 10% to 15% this month, which could negatively affect ADA's price. ・Bitcoin ETF "Slowdown" Phase: Will Bears Hunt for $90K BTC Price? Slowing inflows into spot Bitcoin ETFs indicate weakening institutional demand, signaling a cooling of bullish sentiment. Some Bitcoin analysts forecast a potential drop to $90K, potentially leading to a broader downturn in market sentiment. A decline in Bitcoin's price could spill over into the entire altcoin market, acting as a drag on ADA's price. ・Circle Seeks "Reversible" USDC Transactions, Deviating from Crypto Ethics Circle's exploration of transaction reversibility to aid in recovering funds lost to fraud or hacks potentially undermines the principle of "transaction finality," a cornerstone of cryptocurrencies. This raises concerns regarding stablecoin stability and trustworthiness, introducing market-wide uncertainty. While the impact on altcoins like ADA may be indirect, broader concerns about the overall health of the stablecoin market could dampen investor sentiment. ・Ethereum's PeerDAS is Key to L2 Scaling: Vitalik Buterin Ethereum co-founder Vitalik Buterin highlighted PeerDAS as key to L2 scaling. This development is expected to enhance the Ethereum network's functionality and improve scalability, ultimately boosting the vitality of the entire ETH ecosystem. Strengthening the ETH ecosystem may positively influence other altcoin markets, including ADA. ・Astar Leads Surge in Perpetual DEXs, Daily Trading Volume Hits $70B Trading volume for perpetuals on Decentralized Exchanges (DEXs) has reached an all-time high, driven by Aster, a new derivatives platform on BNB Chain. This indicates robust trading activity within the DeFi sector and the emergence of new platforms. The vibrancy of the DEX market is also notable concerning ADA's potential role within the DeFi space. ・ASTR Could Flip HYPE in Market Cap, Rally Another 480%: Analysts Analysts suggest Aster (ASTR) could overtake competitor Hyperliquid (HYPE) in market capitalization and potentially see a further 480% rally. This indicates significant growth potential for specific tokens within the DeFi sector, reflecting capital rotation among market participants. ADA may possess similar growth potential, necessitating close observation of market dynamics. ・M2 Capital Invests $20M in Ethena's ENA Token M2 Capital has invested $20 million in Ethena's governance token, ENA. This signals growing interest in Ethena, a synthetic dollar protocol, potentially positioning it as a new liquidity source within the DeFi sector. Investments in DeFi-related tokens like ENA may also catalyze further investment into other DeFi projects, including ADA. ・Australia Drafting Law to Enhance Oversight of Crypto Exchange Operators Australia is drafting legislation to enhance oversight of cryptocurrency exchange operators. This move aligns with a global trend towards stricter regulatory frameworks, which could foster the healthy development of the crypto market while potentially creating barriers to entry for certain projects. Adaptation strategies for projects like ADA regarding these regulations will be crucial. ・Circle Partners with Crossmint to Expand Stablecoin Rails for Humans and AI Circle has partnered with Crossmint to broaden the utility of its USDC stablecoin. This initiative aims to increase stablecoin adoption and enable new use cases, such as those involving AI agents. Wider USDC adoption could potentially impact other stablecoins, including ADA, and the DeFi protocols leveraging them. Overall Summary The cryptocurrency market recently presented a mixed picture, characterized by short-term headwinds such as slowing inflows into Bitcoin ETFs, large-scale liquidations on Ethereum, and moves towards regulatory tightening, contrasted with potential medium-to-long-term growth drivers. Institutional investor behavior and regulatory approaches appear poised to significantly influence ADA's price volatility. Continued monitoring of developments in the DeFi space and key altcoin movements, alongside shifts in the broader macroeconomic landscape, is essential.

A weakening ETH/BTC market and declining trust in stablecoins pose a risk of negatively impacting ADA's price, both directly and indirectly. Furthermore, tightening regulations in Australia introduce further uncertainty regarding the project's operations. The key support level is currently around the $1 mark; any further decline would likely be accompanied by a deterioration of overall market sentiment.

Over the next 24-48 hours, a slight rebound from overbought conditions is anticipated, although pressure from the ETH/BTC pair may cap upside potential. In the medium term (1 week), the strength of the DeFi sector is expected to provide support, but macroeconomic and regulatory trends will remain key factors. Key catalysts to watch include DeFi-related news and the performance of major cryptocurrencies.

ADA is currently experiencing short-term bearish pressure, driven by weakness in the ETH/BTC market pair and technical indicators signaling a downtrend, including overbought RSI levels and a break below the lower Bollinger Band. However, the vibrant DeFi sector and advancements in Ethereum's scaling technologies suggest significant long-term growth potential for the entire ecosystem, including ADA. Overall, the short-term outlook is neutral to bearish, while the mid-to-long term outlook remains cautiously optimistic. As an action plan for investors, it is advisable to avoid aggressive buying during the current downtrend. Consider making small, incremental purchases in the $0.90-$0.95 range should ADA dip below $1, or wait for clear signs of a market reversal, such as a decisive break above $1.20, before entering positions. Prudent short-term profit targets are set between $1.15-$1.20, with a stop-loss placed below $0.90. This week, focus on ADA holding the $1.00 support level and monitor for a potential breakout above $1.20. For effective risk management, strict adherence to stop-loss rules and continuous monitoring of Bitcoin and Ethereum movements are essential. Despite high market volatility, DeFi innovation and ecosystem growth present opportunities for ADA. By employing rational analysis and disciplined trading, investors can navigate this environment and strive for long-term value creation.