Cardano (ADA) Faces a $0.17 Test as DeFi TVL Falls to $50M

• Cardano Foundation joins Switzerland’s CMTA alongside UBS, Pictet and Lombard Odier as ADA faces continued selling pressure.
• Cardano’s DeFi TVL falls to $50 million, leaving a $240 million gap against the PRIME program’s $290 million target.
• ADA trades at $0.1727 with RSI at 28.79, testing $0.1700 support as bearish MACD signals persist.

Cardano’s ADA has fallen to $0.1727 as selling pressure persists, while its decentralized finance sector faces a widening liquidity gap. Analyst Lana Valentis highlighted the Cardano Foundation’s entry into Switzerland’s CMTA alongside UBS, Pictet and Lombard Odier. Separately, Altcoin Buzz reported that Cardano’s DeFi total value locked has slipped to $50 million.

Foundation Joins Swiss Financial Association

Valentis said the Cardano Foundation joined the Capital Markets and Technology Association (CMTA) in Switzerland. The group includes UBS, Pictet and Lombard Odier. UBS manages more than $7.3 trillion in assets, according to Valentis.

However, ADA’s market performance remains weak. Valentis also noted that the token continues trading inside a descending channel on the weekly chart. The institutional development comes as ADA faces continued selling pressure in the market.

DeFi TVL Falls as PRIME Targets Growth

Altcoin Buzz reported that Cardano’s DeFi total value locked has declined to $50 million. Meanwhile, the network’s 120 million ADA PRIME program targets $290 million. That leaves a $240 million gap between current TVL and the program’s target.

https://twitter.com/Altcoinbuzzio/status/2119558084553036226?a=6yNnDJ5peydlxOCgCYo&s=20

Altcoin Buzz said incentives alone may not retain liquidity after rewards end. It argued that Cardano needs decentralized applications that create demand for capital before PRIME incentives can expand liquidity. The commentary placed the focus on sustained app-driven activity rather than temporary reward-driven deposits.

ADA Tests Support as Momentum Weakens

ADA has dropped from about $0.275 in early October to $0.1727 on November 9. The token has formed lower highs and lower lows during that decline. A rebound toward $0.200 in early November failed, followed by another rejection.

Source: TradingView

The latest candle opened at $0.1763, reached $0.1773 and fell to $0.1727. It closed at $0.1727, down $0.0037, or 2.10%. Trading volume stood at 12.1 million ADA. The RSI registered 28.79, below its 37.94 moving average. 

The reading places ADA in oversold territory. However, the MACD line remained below its signal line, at -0.0036 versus -0.0029. Its histogram stood at -0.0006. Immediate support is at $0.1700, followed by $0.1650 and $0.1600. Resistance levels stand at $0.1800, $0.1900 and $0.2000.