Cardano (ADA) is gaining momentum after a volatile start of the year, now negotiating around $ 0.706 with a 14% gain in last week.
While Altcoin's feeling is improving and Bitcoin is consolidated, ADA prices action suggests that a major approach approaching that could determine its next leg.
ADA faced with critical resistance at $ 0.74
Technical signals indicate that ADA is made against the resistance area of $ 0.74, a level highlighted by Ali Martinez as Pivot. According to the analyst, an escape confirmed above this area could open the door to a race at $ 0.88, where the heavier historic power pressure is expected.
In addition, ADA's structure has improved in particular, the price holding above its 21-day EMA and approaching SMA of 200 days around $ 0.76. A successful thrust of these levels would modify the wider market structure in favor of Cardano.
Momentum indicators are starting to flash up. The RSI has climbed over 58 years, the stochastic oscillator is indeed in the exaggerated territory and the MacD remains in positive alignment.
These suggest an underlying force, but the following movement depends on whether buyers can dominate the resistance group in the middle of $ 0.70. The volume profile also shows increased activity around these levels, indicating growing market participation.
Hoskinson's daring prospects fuel Cardano's media
Adding fuel to the growing momentum of Cardano, the founder Charles Hoskinson recently made the headlines by declaring that Ethereum “will probably disappear during the next decade.
In an Ama Candide, Hoskinson underlined the aging architecture of Ethereum, fracturing the L2 ecosystem and the challenges of growing governance as major vulnerabilities, comparing its fate to that of the former giants of technology like Myspace and Blackberry.
Meanwhile, he positioned Solana and other new generation blockchains as already “eating Ethereum living”. In a separate interview, Hoskinson described a very optimistic case for Bitcoin, providing for a potential increase to $ 250,000 by the end of the year at the end of regulatory progress, geopolitical changes and expected Fed rate drops.
The wider cryptographic environment it envisages – an acceleration of technological and liquidity adoption injections – could also create powerful tail winds for the ADA price trajectory.
