- Cardano gains major exposure through Openbank, as the bank expands ADA services to millions in Spain.
- A new TD buy signal hints at seller exhaustion, indicating a possible short-term reversal.
- The upside target sits at $0.525–$0.535, the next key resistance zone for a relief rally.
Cardano (ADA) continues to trade sideways, showing steady consolidation and limited volatility in its recent price action. Over the past 24 hours, the token has shown stability, though its weekly performance reflects a mild 11.57% pullback as market momentum remains soft.
Currently, ADA is trading at $0.4973, accompanied by a 24-hour trading volume of $606.12 million, marking a 44.43% drop compared to the previous day. The asset’s market capitalization stands at approximately $17.84 billion, signaling cautious sentiment among traders.
Source: CoinMarketCap
Also Read: Canada Unveils Plan to Regulate Stablecoins in 2025 Federal Budget
Cardano Adoption Grows as Openbank Expands to Spain
The crypto analyst, Mintern, noted that the Santander-owned Openbank has launched crypto services in Spain, enabling the purchasing, selling, and holding of ADA for millions of customers. The move comes in the wake of the banking institution launching similar services in Germany. The addition of Cardano cements the coin’s presence in regulated banking systems on the European continent.
This move will make ADA more accessible to the general public, who favor banking applications over the use of cryptocurrency exchanges. The simplified process also increases usability for the existing cardholders. This move can help boost ADA in the region, which has the fastest adoption of fintech in the world.
Industry observers highlight that greater crypto accessibility by means of well-known banks can enhance liquidity. This takes place in the wake of growing demand for regulated crypto exchanges in the EU before the MiCA regulations. By stretching its wings in terms of offerings, the Cardano project could also experience greater visibility in the EU.
Cardano Shows Reversal Signs After Deep Sell-Off
Moreover, the crypto analyst, Ali, highlighted that the ADA has a clear falling pattern that began following the first bearish TD trade signal. The price has continued moving in a manner that generates lower highs and lower lows, reinforcing the impression that the market remains in the control of sellers. Every time the price tried to rally, it met a strong bearish candle.
Source: X
However, a fresh TD buy signal emerges, indicating exhausted sellers following the significant drop. The small-bodied charts in that region indicate indecision, paving the way for a weak positive response. In the event this TD scenario unfolds, ADA may make an effort to move upwards towards the resistance level of $0.525-$0.535, marking the immediate target. Failure to hold this could result in a move towards the next support level of $0.49.
Also Read: Cardano Technical Outlook: ADA Holds Support at $0.52, Setting Stage for $1.15 Rally
