Solana Dominates Adoption, Yet ADA's 5% Surge Takes Center Stage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
0mins
Source: Benzinga
Solana's Dominance: Solana (SOL) continues to lead in decentralized exchange activity for the 16th consecutive week, with Forward Industries Inc. announcing it holds over 6.9 million SOL, the largest corporate treasury for Solana.
Solana's Price Struggles: Despite a 3% price rebound, SOL faces heavy resistance around the $137–$141 range, with a broader trend showing structural weakness and potential for further declines if it drops below $133.
Cardano's Recent Performance: Cardano (ADA) saw a 5% increase, bouncing off the $0.40 support level, but remains in a structurally weak position below key moving averages, indicating that the recovery may not be sustainable.
Resistance Levels for Cardano: ADA's price struggles against significant resistance between $0.47 and $0.54, and without closing above $0.51 weekly, the trend is likely to favor sellers, with potential declines towards $0.34 or $0.28 if support fails.
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Analyst Views on FWDI
About FWDI
Forward Industries, Inc. is a global design, sourcing and distribution company serving medical and technology customers worldwide. The Company's segments include OEM distribution and design. The OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to original equipment manufacturers (OEMs) or their contract manufacturers worldwide. It sells carrying cases for blood glucose diagnostic kits. The design segment consists of two operating segments (IPS and Kablooe) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the United States. In the design business, its services offered vary from full development utilizing a range of in-house design and engineering functions, to targeted design and engineering support for clients with in-house development teams.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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