Cardano Price Prediction: Can ADA Break $0.20 as Ark Invest and Hoskinson Clash Over Its Relevance?
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- Ark Invest’s Lorenzo Valente said the industry hurts its credibility by continuing to spotlight Cardano, drawing a public rebuttal from Hoskinson
- ADA is compressing inside a triangle at the 0.236 Fibonacci at $0.1618, the last Fibonacci support before the June low at $0.1386
- Open interest fell 12.28% to $399.11M as volume dropped 35.50%, reflecting a market sitting still ahead of the FOMC decision on July 29
Cardano trades at $0.1659 on July 27, flat and compressing at the triangle apex, on the same day Ark Invest’s research director publicly questioned whether the industry should still be treating Cardano as newsworthy.
ADA Is At The Triangle Apex With The 0.236 Fibonacci As The Last Floor
The daily chart shows ADA compressing inside a triangle formed between the descending trendline from May’s peak and the ascending…
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