Cardano crosses 110M total transactions but technicals signal more downside

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 02 2025

WAN-0.92%

ADA-1.019%

Should l Buy WAN?

Cardano's Transaction Milestone: Cardano has reached over 110 million total transactions, showcasing strong community engagement with nearly 22 billion ADA staked across active pools, despite a recent decline in ADA's market performance.
Market Activity and Developments: While trading volume for ADA has increased, the overall market sentiment remains bearish, with technical indicators suggesting potential further declines. Meanwhile, Cardano continues to innovate with new collaborations and integrations, including support for ADA in the Brave browser wallet and upcoming stablecoin launches.

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Technical Analysis for WAN

Technical Sentiment Analysis for Wanchain (WAN) As of , Wanchain (WAN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, WAN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Wanchain (WAN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0518	0.0564	0.0615	0.0661	0.0712	0.0758	0.0809
Fibonacci	0.0564	0.0601	0.0624	0.0661	0.0698	0.0721	0.0758

About WAN

The WAN coin is the native asset of the Wanchain L1 Blockchain. WAN coins enable several functions including regular transactions and smart contract interactions on the Wanchain L1 Blockchain. A small amount of WAN is burned alongside every transaction. WAN coin’s max supply is 210,000,000.WAN coins have utility beyond the Wanchain L1 Blockchain. For instance:WAN coins can be staked to deploy Wanchain PoS Validator NodesWAN coins can be delegated to existing Wanchain PoS Validator NodesWAN coins can be staked to deploy Wanchain Bridge NodesWAN coins can be delegated to existing Wanchain Bridge NodesWAN coins serve as collateral to secure all cross-chain transactionsHolding and staking WAN coins grants discounts on cross-chain transactionsAdditionally, fees collected from all cross-chain transactions are converted to WAN coins. A portion of these are burned via the Convert n’ Burn mechanism.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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