Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Cardano Eyes 40% Surge: Can ADA Break $0.76 and Reclaim the $1 Milestone?
By: fxleaders|2025/05/08 17:15:01
0
Share
Cardano ( ADA ) is back in focus with a 4.32% intraday gain, now at $0.7130. This is a bullish engulfing candle after a weekend dip. The price is setting up for a test of the resistance at $0.762 – an area that has capped multiple rallies since March. ADA’s chart is now an inverted head and shoulders , a classic bullish setup. The two swing lows at $0.682 and $0.557 are the base, the neckline is at the 23.60% Fibonacci retracement level at $0.762. A close above this neckline could confirm the pattern and trigger a 40% move to $1.08 – the 50% Fibonacci level. Cardano (ADA) Technical Analysis Update: Cardano (ADA/USD) is at $0.7130, above the 50 day EMA at $0.6796 – a key short term support. This move with a strong bullish MACD crossover is bullish. Immediate resistance is at $0.7226 – a descending trendline. For a trade, a break above $0.7226 with volume could be a continuation to the next resistance at $0.7349. But if price fails to clear this level, a pullback to $0.6988 or even the 50 EMA at $0.6796 is possible. Potential Trade Setup: Buy Above: $0.7226 Take Profit: $0.7349 Stop Loss: $0.6988 Key Technical Indicators: RSI : Above 50 – bullish. CMF: -0.08 – weak buying pressure. Supports: $0.6988, $0.6796, $0.557. Resistances: $0.7226, $0.7349, $0.762. Fund Transfer Allegations Stir Debate Cardano is up as Charles Hoskinson and Input Output Global (IOG) are in the hot seat again. Masato Alexander, a vocal critic, claims 318 million ADA was moved from unclaimed ICO vouchers to the network reserves using MIR (Move Instantaneous Rewards) transactions. According to Alexander: Only ~$7 million has been transferred back to buyers. 25 million ADA was staked from the moved funds. Governance manipulation and lack of transparency is the accusation. If true, this could be a problem for investors. But the broader Cardano community and developers are denying the claims. Hoskinson Denies, Community Backs Him Charles Hoskinson is denying the allegations. He said 99.8% of ADA ICO vouchers were redeemed and the unclaimed 0.2% (with no private keys) were legally moved to Intersect after 7 years. Hoskinson called the accusations “defamatory” and threatened legal action. Jonathan Morgan, a blockchain analyst, backed him up saying the claims are misleading and the protocol changes were consensus driven not unilateral control. Community Highlights: 300 million ADA returned to rightful claimants. Unredeemed vouchers treated within the legal framework. Upgrade was consensus driven. Cardano’s chart and sentiment is setting up for a big move. While governance is a concern, strong community support and transparent communication from Hoskinson might keep the bullish momentum going.
You may also like
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
Zuckerberg is building an AI agent to help him as CEO
Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.
Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?
For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.
Zuckerberg is building an AI assistant to help him be CEO
Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.
Join WEEX AI Wars II: How WEEX API, Trader Skills Empower AI Trading Innovations
Join WEEX AI Wars II and be part of a global AI trading revolution. Compete with top AI agents and bots, showcase your strategies, and leverage WEEX API and Trader Skill to innovate, automate, and gain exposure in the AI trading ecosystem. Onboard your AI agent to WEEX AI Wars II NOW.
What kind of scenario will Backpack's TGE today play out in the bear market opening?
Currently, the Polymarket market gives an 87% probability to the event of its fully diluted valuation surpassing $200 million on the day after its launch.
Polymarket Ten Million Dollar Winner Retrospective: 40 Addresses, 100,000 Transactions, Only Three Ways to Make Money
The difference between the three is not in the parameters, but in playing entirely different games.
The Most Brutal Single-Month Plunge in 43 Years, Gold's Every Top Looks Like This
In the first three peaks, the central bank was not a net buyer of gold
Jiang Xueqin's Latest Interview Transcript: How to View the Current Global Changes
Iran's Next Move, Trump's War Plan, and Israel's Plot to Sabotage It
Maximize Your USDT Yield: The Weex Auto Earn Strategy for Passive Crypto Income
Learn how to earn interest on USDT with WEEX Auto Earn. Discover how stablecoins can generate passive income and why some platforms now offer up to 300% APR.
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
At 25, all in with millions of dollars, at 34 worth 3 billion, Lucy Liu, co-founder of Airwallex, shares her ten-year wealth creation logic: betting on the right track, building a deep moat with licenses, and fully embracing AI intelligent finance by 2026.
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
The differences between the three categories are not due to different parameters, but rather because they are playing completely different games.
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
App