Cardano Price Prediction: Hoskinson Defends IOG’s AI Influencer as ADA Bounces 2%
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Cardano's ADA trades at $0.1601 on June 22, up 2.30% as price tests the lower boundary of a multi-month falling wedge after an early-June crash from above $0.22 to below $0.16, with all four EMAs and the Supertrend acting as overhead resistance. IOG founder Charles Hoskinson defended an AI-generated influencer post while the Laos testnet launches in three days, a protocol update the team says will boost Cardano speed by 60x and could drive adoption and token performance.
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- ADA trades at $0.1601, up 2.30% inside a falling wedge with all four EMAs and the Supertrend overhead
- Hoskinson defends the IOG X account posting an AI-generated influencer video, calling backlash a perpetual outrage cycle
- Laos testnet launches in three days, with Hoskinson claiming it will improve Cardano’s speed by 60x
Cardano trades at $0.1601 on June 22, up 2.30% as price tests the lower boundary of a falling wedge that has formed since the early June crash, while Charles Hoskinson spent the weekend defending his team’s decision to post an AI-generated influencer on the official IOG account.
ADA Daily Chart: Falling Wedge Forming at Multi-Month Lows
The daily chart shows ADA consolidating inside a falling wedge since the sharp breakdown in early June that took price from above $0.22 to below $0.16. All four EMA…
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