Cardano Price Prediction: Hoskinson Says Cardano Can Run the World as ADA Breaks Three-Year Support

• ADA trades at $0.1610 after breaking a weekly support level that held since 2023
• Largest ADA Age Consumed spike since April signals long-term holders are moving after months of sitting still
• Weekly RSI at 27.19, the most oversold reading in over two years

Cardano trades at $0.1610 on June 10, breaking below a weekly horizontal support level that held for three years, as Santiment flagged the largest dormant wallet movement since April on the exact same day founder Charles Hoskinson returned from his announced social media break.

ADA Daily Chart: SAR Overhead, MACD Still Negative With No Floor in Sight

The daily chart has no bullish signal to work with yet. The Parabolic SAR at $0.1744 sits overhead as resistance after flipping bearish weeks ago. MACD lines are both negative at -0.0239 and -0.0187 with no bullish cr…

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