Key Insights:
- Cardano price testing $0.7590 is likely to target $0.82, or retrace back to $0.54.
- Cardano’s founder takes a jab at ETH, “Ethereum won’t survive ten years.”
- ADA sentiment weighs low volatility amid continued steady volume.
Over the week, Cardano price appreciated by 13.8%, which included an increase of 6.4% in 24 hours, bringing the trading price to $0.7367. The drama is also latest from the top as Charles Hoskinson(Cardano’s founder) just posted a seriously disparaging video concerning Ethereum. Even though the ADA price is bullish at the moment with a major headwind forming resistance above, the price may suffer momentum.
What’s Going on With Hoskinson Dissing Ethereum?
On April 23, 2025, Altcoin Daily shared a clip where Hoskinson is asked what he could do differently if given the position of running the Ethereum Foundation. Being the gentleman that he is, he entirely shifted to Chad mode and said Ethereum is numbered. The Ethereum diss exploded, and as expected, has racked tons of replies on x, stating, “I don’t think Ethereum is going to last for more than 10 years.”
Some users, like Kamada, commented, “Never seen anyone use Cardano in my life,” while others, like Pluto, made personal attacks regarding Hoskinson needing to “look after his health” if he wishes to witness Ethereum’s supposed demise in ten years.
Given that users generally have the impression he’s salty due to Cardano (ADA) not taking off as expected, Hoskinson’s stance does initially seem controversial. Still, his critics see Hoskinson making some bold claims as being an attention-seeking move.
Breaking Down Charts for Cardano Price
The price of Cardano as of April 24, 2025, stands at $0.7367, with the chart indicating that ADA is currently trying to break through an important resistance zone at approximately $0.7367.
Looking at the weekly timeframe, the trend appears optimistic—ADA seems to be on a path of escalation, having established higher lows, and the volume appears to be increasing, indicating to some investors coming in to challenge the previous resistance levels.
The chart indicates a critical resistance level at $0.8276 aligned with the 200-day simple moving avg. (SMA) sitting between $0.7590–$0.8276, and if ADA attempts to test these levels successfully while maintaining the high volume, it will likely hit higher levels towards $1.32 and beyond.
Alternatively, if it does get rejected here, the Cardano price may pull back to the support level of $0.54. For the daily chart, there is a “buy” signal, but the weekly timeframe shows a more cautious take. Hence, the market is still trying to figure itself out.
Market Sentiment: Liquidations & Volatility
CoinGlass data indicates that liquidations within the market have been rather quiet over the previous 24 hours, as no major spikes have been reported. This indicates that traders aren’t getting rekt en masse, which is a good sign for stability.
However, approximately $1.58 million worth of ADA shorts were liquidated in the previous hour, while longs were only $159.18k. This indicates that ADA bullish sentiment is prevailing in the markets.
Hoskinson’s remarks may be stirring the pot. However, the market does not seem to be overreacting. Cardano’s market cap, according to Coingecko, is sitting steadily at $26.49 billion, which places it among the top 10 players.
A number of X users pointed out that the lack of real-world usage remains a concern, which could limit ADA’s upside unless the team executes on the roadmap.
So, what will happen next with Cardano? Yes, Hoskinson’s comments about Ethereum moves are entertaining. But just like the rest of the market, he is most interested in the price movement.
Should the ADA price exceed the resistance of $0.7590 and maintain it, it might witness a notable surge in FOMO. But if the market ignores Cardano′s fundamentals, $0.54 might be the next stop on the downward trajectory toward $0.32.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
godfrey mwirigi
