Cardano Price Prediction: Hoskinson Praises CLARITY Act Text as ADA Holds Above Triangle Breakout
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Cardano trades at $0.2651 on May 14, holding the descending triangle breakout with the 20 EMA at $0.2624 now acting as support after months as resistance, signaling upside toward the bull-market band. Charles Hoskinson praised the latest CLARITY Act draft as a massive improvement for DeFi and non-custodial staking protections, and with over 100 amendments filed ahead of Thursday’s Senate Banking Committee markup the ethics provision is the only remaining obstacle to bipartisan passage, marking a potentially significant regulatory win for crypto.
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- Hoskinson called the latest CLARITY Act draft a massive improvement, reversing his earlier criticism over DeFi and non-custodial staking protections
- ADA holds above the descending triangle breakout with the 20 EMA at $0.2624 now acting as support after months as resistance
- Over 100 amendments filed ahead of Thursday’s markup, with the ethics provision the only remaining obstacle to bipartisan passage
Cardano trades at $0.2651 on May 14, holding the triangle breakout zone as Charles Hoskinson publicly reverses on the CLARITY Act and Thursday’s Senate Banking Committee markup arrives with one unresolved clause standing between crypto and its biggest regulatory win in years.
ADA Daily Chart: Breakout Holding, Bull Market Band the Next Target
ADA broke above the descending triangle that compressed price from Februa…
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