Cardano’s price action shows signs of bullish recovery as Charles Hoskinson’s CNBC comments stir fresh optimism across the crypto market.
ADA Faces Resistance After 4% Climb on Thursday
Cardano (ADA) rose by 4% on Thursday, reaching an intraday high near $0.70 before pulling back slightly, as trading volumes increased. The rally followed bullish remarks from Charles Hoskinson, the founder of Cardano, in a CNBC interview where he outlined bullish expectations for Bitcoin and the broader crypto markets.
Hoskinson said the next big move in the market hinges on macro shifts and regulatory progress.
Cardano has often mirrored Bitcoin’s momentum during past bull cycles. On Thursday’s ADA 4% oprice surge echoed broader sentiment improvements, but the rally has slowed down significant as it approaches the $0.70 indicates technical resistance.
Hoskinson Says BTC Will Hit $250K as Market Catalysts Align
Charles Hoskinson stated that Bitcoin’s projected rally will be fueled by upcoming U.S. crypto legislation, including the recently passed, Crypto Stablecoin bill.
He also cited anticipated Federal Reserve interest rate cuts as another key catalyst.
The Cardano founder noted that while current tariffs and trade tensions could weigh on markets, the likely resolution or normalization of these conflicts would bolster investor confidence.
The markets will stabilize, the Fed will cut rates, and a wall of capital will pour into crypto. That’s what people are preparing for. Bitcoin could easily be over $250,000 by the end of this year or next year.”
– Cardano Founder, Charles Hoskinson, via CNBC, April 2025
This, coupled with institutional interest from major tech players — dubbed the “Magnificent 7” (Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla) — could lead to a speculative boom between August and September.
Hoskinson expects the resulting wave of capital to flow heavily into altcoins, including ADA. Should Bitcoin reach the $250,000 mark, Cardano’s historical price correlations suggest ADA price could breach $2 in the next cycle.
Despite the longer-term optimism, ADA remains technically constrained in the short term. A break above $0.70 would open a move toward $0.80, with $1.00 acting as the next major resistance. Failure to close above resistance may lead to a retest of the $0.63–$0.65 support zone.
What’s Next?
If Hoskinson’s $250,000 Bitcoin price prediction materializes in 2025, ADA could mirror the rally. However, in terms of near-term price action, Cardano price is unlikely to advance further without a clear break above $0.70.
Cardano Price Forecast Today: ADA Eyes $0.75 Breakout With Bullish Momentum Building
Cardano (ADA) is trading at $0.6897 after facing rejection near the psychological $0.70 resistance level, a threshold last tested on Thursday.
The ADAUSD daily chart shows price action hugging the red 50-day simple moving average (SMA) at $0.6824, having recently reclaimed it after weeks of sub-trend trading. A sustained close above this dynamic level would signal the potential for a push toward the blue 100-day SMA at $0.7663, with $0.75 emerging as the immediate upside target.
From a momentum perspective, the BBP (Bull Bear Power) indicator has flipped positive at 0.0900 for the first time since early March, suggesting bullish divergence. Meanwhile, the green 200-day SMA at $0.7590 remains a key long-term resistance, but price action is currently compressing between major moving averages — often a precursor to breakout volatility.
Cardano price forecast today leans cautiously bullish as structural and momentum indicators align. However, a failed attempt to flip $0.70 into support could trigger a retest of $0.66, potentially undermining the current rally and delaying bullish continuation.
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