Cardano Price Prediction: Hoskinson Fires Back At Scaling Critics As ADA Presses The Channel Upper Boundary
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ADA trades at $0.2634 (+0.53% on May 6), pressing a descending channel upper boundary that has capped rallies since February; Supertrend resistance sits at $0.2749. Charles Hoskinson defended Cardano's scaling roadmap, naming Leios, Peras and an L2 strategy as the path for protocol upgrades and adoption. Flare CEO says Flare's TVL is $159M vs Cardano's $131M, raising DeFi competition and TVL-based adoption risks for ADA.
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- ADA trades at $0.2634, up 0.53%, pressing the descending channel upper boundary with Supertrend at $0.2749 as the next resistance.
- Hoskinson rejected claims Cardano abandoned scaling for governance, detailing Leios, Peras, and the L2 strategy as the full scaling roadmap.
- Flare CEO Hugo Philion claimed Flare’s $159M TVL now exceeds Cardano’s $131M, challenging ADA’s DeFi positioning.
Cardano trades at $0.2634 on May 6, up 0.53%, pressing the descending channel upper boundary that has rejected every rally since February, as Charles Hoskinson publicly defended the scaling roadmap and Flare’s CEO used on-chain TVL data to challenge Cardano’s DeFi standing.
ADA Is Back At The Channel Boundary. What Breaks It This Time?
The descending channel from the January high has been the dominant structure for four months. The uppe…
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