🌅 ADA Market Update (July 30) – Holding Strong Despite Macro Pressure
- Chris Ciari
- Jul 31
- 2 min read
🌅 ADA Market Update (July 30) – Holding Strong Despite Macro Pressure
Good morning from ASY Ashiya Pool! 😊Let’s take a closer look at ADA’s recent price movements and what’s driving the market.
📊 Current Stats
1 ADA = $0.7550
Market Cap: $27.55B
Recent Low: $0.7414
Current Recovery: Back to the upper $0.75 range
While the overall market dipped, ADA showed surprising strength by bouncing back after touching a key support level. Let's explore why the drop happened—and what’s next.
📉 Why Did ADA Drop?
🏛 1. Disappointment from the U.S. Government Report
There was high anticipation around the U.S. government’s updated stance on digital assets and strategic crypto holdings. Many in the community hoped for a more bullish signal or supportive language about crypto integration.
However, the actual content was underwhelming, offering no strong endorsement for XRP, ADA, or SOL—leading to a wave of sell-offs in major altcoins.Sources: Coindesk, Protos, Reddit, FT
🏦 2. No Rate Cut from Powell / FOMC Disappointment
The latest Fed meeting concluded with no interest rate cut, and Chairman Jerome Powell clarified that a rate reduction in September is not guaranteed.
This led to a cooling in equities, Bitcoin, and crypto as a whole—removing one of the bullish macro narratives that had been supporting the market.Sources: Reuters, Investors.com
🔄 BTC Dominance Still High – 61.70%
With BTC dominance hovering above 61%, capital is still mostly tied up in Bitcoin.Until dominance drops below 60%, we likely won’t see strong moves from ADA and other altcoins.
This pattern often follows:BTC pumps → ETH pumps → then altcoins (like ADA) start to move.
🔮 What’s Next for ADA?
📌 We expect sideways or downward movement until Midnight’s airdrop details are announced next week.
Key Levels to Watch:
$0.7414 → short-term support
$0.7151 → next key supportIf this level breaks, a deeper pullback could follow.
Bullish Scenarios:
BTC dominance drops below 60%
ADA breaks above $0.85 again
Strong news around Midnight or $DUST airdrop
🐢 Remember: ADA Rises Slowly but Strongly
Unlike meme coins or hype projects, ADA has always taken a “slow and steady” path—growing through real infrastructure, utility, and research.
This dip? It’s part of the journey, not the end.
✅ Summary Table
Item | Details |
ADA Price | $0.7550 (recovering after recent dip) |
Market Cap | $27.55B |
Drop Reason | U.S. gov’t report disappointment / no rate cut |
BTC Dominance | 61.70% (still high) |
Key Support Levels | $0.7414 → $0.7151 |
Next Events to Watch | BTC movement / airdrop details / $0.85 break |
🌱 A Message from ASY Ashiya Pool
Remember, ADA is more than just a price chart.At ASY, we use staking rewards to support children with disabilities, host music/dance programs, and empower local communities.
Your delegation helps create a brighter future through the Cardano ecosystem.
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