Cardano (ADA) is trading near $0.63, maintaining strong support at $0.60 while facing resistance around $0.70–$0.77. Despite cautious sentiment reflected in a $1.34 million net outflow from exchanges on October 23 (Coinglass data), ADA remains above its key ascending trend line — a signal of resilience amid consolidation.

The Cardano Foundation’s confirmation of plans to register .ada and .cardano domains marks a major step in expanding Cardano’s ecosystem visibility across Web2 and Web3. This initiative could strengthen ADA’s long-term positioning as a top blockchain project by integrating identity and accessibility.

Technically, Cardano is approaching a critical breakout zone. A decisive move above $0.70 could open the path toward $0.82–$0.92, while a breakdown below $0.60 might lead to a retest of $0.55.
With fundamentals improving and investor focus growing, ADA could be gearing up for a strong rebound heading into year-end.