Cardano Price Prediction: Hoskinson Defends IOG’s AI Influencer as ADA Bounces 2%

• ADA trades at $0.1601, up 2.30% inside a falling wedge with all four EMAs and the Supertrend overhead
• Hoskinson defends the IOG X account posting an AI-generated influencer video, calling backlash a perpetual outrage cycle
• Laos testnet launches in three days, with Hoskinson claiming it will improve Cardano’s speed by 60x

Cardano trades at $0.1601 on June 22, up 2.30% as price tests the lower boundary of a falling wedge that has formed since the early June crash, while Charles Hoskinson spent the weekend defending his team’s decision to post an AI-generated influencer on the official IOG account.

ADA Daily Chart: Falling Wedge Forming at Multi-Month Lows

The daily chart shows ADA consolidating inside a falling wedge since the sharp breakdown in early June that took price from above $0.22 to below $0.16. All four EMA…

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