Cardano News: $100M Treasury Shift and Geopolitical Risk Hit ADA Price
Cardano’s native token ADA is struggling to maintain stability after two key catalysts shook investor sentiment this week.
First, a proposal from Cardano founder Charles Hoskinson sparked controversy—he suggested converting $100 million worth of ADA from the treasury into stablecoins and Bitcoin. The move is intended to boost Cardano’s DeFi ecosystem but has raised questions about trust, decentralisation, and long-term strategy.
Second, escalating conflict between Israel and Iran caused panic in global markets, particularly in crypto. The entire crypto space witnessed sharp declines as fear dominated sentiment—and ADA was no exception.
Cardano Price Analysis: Testing Lower Support Levels
As of now, ADA is trading at $0.6349, and momentum remains weak. On the 2-hour chart, ADA is hovering just above the $0.6200 support zone, after dropping from highs near $0.72 earlier this week.
ADA/USD 2-hours chart – TradingView
The 200 EMA, currently at $0.6867, remains far above current price levels, acting as a major resistance. ADA also failed to reclaim the $0.6500 zone, which now serves as immediate resistance.
The Relative Strength Index (RSI) sits near 36, signaling the coin is still in bearish territory, though slightly recovering from oversold conditions.
ADA Price Prediction: What Comes Next?
If $0.6200 breaks, ADA could drop toward the $0.58–$0.60 range, especially if broader market volatility continues. This would be a key capitulation zone where buyers may re-enter.
However, if ADA manages to hold above $0.6200 and break back above $0.6500, a short-term recovery toward $0.6867 (the 200 EMA) becomes likely.
For now, the bearish trend remains dominant, and unless market-wide sentiment improves or the treasury proposal gets a clear green light from the community, ADA could struggle to gain bullish traction.
$Cardano, $ADA
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