Cardano Price Prediction: $0.63 Support Holds As Hoskinson Rejects Ethereum Rival Tag

• Cardano price today holds $0.63 support as bulls defend the long-term ascending trendline.
• On-chain flows show selling pressure easing, with outflows slowing after weeks of heavy exits.
• Charles Hoskinson shifts focus from Ethereum rivalry to privacy innovation with the Midnight blockchain.

Cardano price today trades near $0.63, holding firm at the base of its multi-month ascending trendline. After slipping to $0.62, ADA has rebounded modestly, signaling that bulls are attempting to prevent a deeper breakdown toward the $0.58 and $0.55 zones.

The structure on the daily chart shows Cardano pressing against its long-term support line while staying well below key moving averages — the 20-day EMA at $0.733, 50-day at $0.785, 100-day at $0.788, and 200-day at $0.766. This compression within the descending triangle highlights an inflection point where buyers must reclai…

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