Cardano Primed for Bullish Reversal as Coinbase Unleashes Wrapped ADA on Base Network

Cardano's ADA gets a major liquidity boost—just as the smart contract platform shows signs of shaking off its bear market slump.

Coinbase's Base network rolls out the red carpet for wrapped ADA, giving Ethereum DeFi users frictionless access to Cardano's ecosystem. The timing couldn't be more poetic.

Market watchers note ADA's 30-day correlation with Bitcoin has dipped to 0.72—its lowest since the 2021 bull run. When alts decouple, fireworks usually follow.

Meanwhile, Cardano's development activity metric just hit a 6-month high. Builders are voting with their keyboards while traders remain distracted by meme coins.

Will this be the catalyst that finally flips ADA's narrative? The charts say maybe. The fundamentals say definitely. And the crypto bros? They're already leveraging up—because nothing screams 'responsible finance' like 50x longs on a Tuesday afternoon.

Caution is indicated by ADA trading below both its 50- and 200-day moving averages. If cbADA gains traction and Midnight’s airdrop boosts activity, ADA might test the $0.60–$0.62 resistance range. A MOVE toward $0.70 might be possible if that level is broken. However, if ADA is unable to hold onto $0.55, the next significant support is at $0.52.