Cardano’s price is hovering around $0.7367, consolidating potential movements towards $0.82 or retracing to $0.54. Founder Charles Hoskinson has made controversial comments about Ethereum’s future, prompting mixed reactions. Market sentiment remains stable with notable bullish signs, but concerns about Cardano’s real-world application persist. A break past key resistance could lead to significant price hikes, while a failure may cause declines.
In recent developments, Cardano is currently testing the $0.7590 mark, with two possible outcomes in sight: either a surge to $0.82 or a retreat to the support level of $0.54. Notably, the founder of Cardano, Charles Hoskinson, has expressed serious doubts about Ethereum’s long-term viability, claiming that it might not last more than a decade.
In the past week, Cardano’s price saw an impressive rise of 13.8%, including a 6.4% boost within just 24 hours, pushing the trading value to $0.7367. However, despite the positive price action, resistance levels majorly loom above, potentially hindering further upward momentum. This brings some mixed feelings about the future trajectory of ADA.
Hoskinson’s critical remarks about Ethereum surfaced recently, particularly in a video shared by Altcoin Daily on April 23, 2025. When asked what he might do differently at the helm of Ethereum, he took a rather forthright approach, declaring that Ethereum is on borrowed time. His statement has ignited a flurry of reactions, with many commentators suggesting his comments stem from jealousy due to perceived shortcomings of Cardano.
Looking into the charts, as of April 24, 2025, Cardano’s price is around $0.7367, attempting to break through a significant resistance level at this point. The weekly chart shows a generally positive outlook as ADA’s price trend displays higher lows, coupled with increasing trading volume. If ADA successfully breaches and holds above the key resistance levels around $0.7590, a jump towards $1.32 could be on the horizon.
However, there’s a flip side. If it fails at these levels, a decline back to $0.54 could be in store. The daily chart suggests a potential buy signal, yet the weekly trend warns of possible caution, highlighting indecision in the market.
Market sentiments indicate a relatively calm environment with no alarming liquidations reported lately. Interestingly, around $1.58 million in ADA shorts faced liquidation, while longs at $159.18k were minimal. This points towards a prevailing bullish sentiment surrounding Cardano.
Despite Hoskinson’s provocative comments, the market appears stable, with Cardano holding a market cap of around $26.49 billion, placing it firmly within the top ten cryptocurrencies by size. Users on X have expressed concerns regarding Cardano’s real-world usage, which could potentially limit its further valuation unless the team delivers on its roadmap.
Looking ahead, if ADA manages to cross the critical resistance of $0.7590 successfully, a significant wave of Fear of Missing Out (FOMO) could ignite further buying actions. On the contrary, should the market dismiss Cardano’s underlying fundamentals, a downturn toward $0.54, even lower to $0.32, might very well unfold.
