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Cardano (ADA) Holds at $0.27 as USDCx Integration Fuels Institutional DeFi Push
Cardano is trading near $0.27, caught between a technical rebound pattern and significant selling pressure from whales who recently offloaded 210 million ADA . Despite bearish sentiment, the network is making strategic institutional moves with the launch of USDCx, a Circle-partnered stablecoin that has boosted Cardano's stablecoin supply by 40% in a week .
Total Value Locked (TVL) has climbed to $180 million as USDC now dominates DeFi liquidity . Founder Charles Hoskinson also confirmed full LayerZero integration, enabling seamless value transfer across 80+ blockchains . Analysts suggest holding above $0.29 support could trigger a bullish rotation toward $0.34, while failure to maintain current levels risks a drop to $0.17 .