Cardano Price Prediction: Calls Grow to Remove Hoskinson as ADA Tests a Familiar Bounce Zone
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Cardano's ADA trades at $0.1606 inside a rising wedge with RSI at 30.40, revisiting the oversold floor that sparked June's bounce and leaving the token technically fragile. Calls to remove founder Charles Hoskinson over a Discord governance move and ADA's 23 TPS cap underline governance and delivery risks that add downward pressure, while Bitcoin whale wallets holding 1,000+ BTC hit a three-month high of 7.17M BTC (35.82% of supply), signaling broader crypto accumulation trends.
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- ADA trades at $0.1606 inside a rising wedge with RSI at 30.40 approaching the same oversold zone that triggered June’s bounce
- Crypto analyst Justin Bons calls for Hoskinson’s removal, citing the Discord governance move and ADA’s 23 TPS cap as proof of failed delivery
- Bitcoin whale wallets holding 1,000+ BTC hit a 3-month high of 7.17M BTC, now 35.82% of supply, per Santiment
ADA sits at $0.1606 with RSI approaching the same oversold floor that sparked June’s rally, but a governance crisis and calls for Hoskinson’s removal are adding pressure beyond the chart.
ADA Daily Chart: Same Range, Same Setup as Last Week’s Bounce
The daily chart shows ADA price testing a zone it has visited repeatedly over the past two weeks, including the bounce from last Sunday and the resistance fight during Thursday’s rise. RSI at 30.40 …
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