Cardano Price Prediction: Hoskinson Calls Ethereum’s EUTXO Move a Crime as ADA Holds the 20-Day EMA
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On July 10 ADA traded at $0.1667, up 0.24%, holding just above the 20-day EMA at $0.1682 after an intraday dip to $0.1656 and showing a bullish RSI divergence at 47.44 that suggests support after the June low near $0.14. Founder Charles Hoskinson called retirement reports categorically untrue and accused the Ethereum Foundation of copying Cardano’s EUTXO model, a public dispute that adds governance and adoption narrative risk for the crypto token even as on-chain technicals point to a modest bullish setup for ADA.
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- Hoskinson called reports of his retirement “categorically untrue” and a complete fabrication
- He accused the Ethereum Foundation of copying Cardano’s EUTXO model without acknowledgment
- ADA is holding above the 20-day EMA at $0.1682 after a bullish RSI divergence formed at the June lows
Cardano trades at $0.1667 on July 10, up 0.24% and clinging to support after a week dominated by US-Iran volatility, a retirement rumor, and a public confrontation with the Ethereum Foundation.
Is ADA Finding Support At The 20-Day EMA?
The daily chart shows ADA sitting just above the 20-day EMA at $0.1682, a level that has acted as the pivot point throughout this recovery from the June low near $0.14. Price dipped to $0.1656 intraday before recovering, and the RSI divergence tool shows a bullish signal still active at 47.44, the same…
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