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Cardano expands ecosystem with domain strategy—Price remains stagnant at $0.63
No signs of movement from ADA. As of October 23, it’s hovering around $0.63, with $0.60 acting as the support level. The upside is being blocked at $0.70–$0.77.
What’s notable is that $1.34M worth of ADA flowed out of the network on the same day. Retail investors might be getting anxious.
However, there’s also some positive news. The Cardano Foundation is reportedly planning to acquire .ada and .cardano domains in preparation for an ICANN application in 2026. In other words, they’re working to boost the ecosystem’s visibility. The domain strategy shows how serious the project is.
Technically, ADA is seen as being within a symmetrical triangle pattern. Whether it can break through $0.70 will likely be a key point for any future upswing.