Cardano project founder Charles Hoskinson recently denied rumors that he sold during the ADA price peak in 2021, stating that these claims are completely false.
From the market perspective, ADA is currently fluctuating around $0.35, and the weekly chart clearly reflects a continuous correction trend from the high point to now. On the technical side, $0.35 has become a key support level; if it is broken, the price may continue to decline to $0.30.
Want to see a rebound? ADA must recover the resistance zone of $0.38-$0.40. But the critical breakout point that can truly reverse market sentiment is $0.50—once this level is effectively stabilized again, market sentiment may genuinely shift.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
8
Repost
Share
Comment
0/400
ser_ngmi
· 5h ago
Charles is shifting the blame again; believe it or not.
If the crucial level at 0.35 breaks, it looks like I really have to buy the dip at 0.30.
The $0.50 mark is still a distant dream; this rebound might have to wait until the Year of the Monkey.
Feels like ADA has been repeating the same story over and over; I'm exhausted.
Supporting the founder’s clarification, but the market won't deceive.
View OriginalReply0
HashRateHustler
· 9h ago
Stop spreading rumors. You didn't even verify the facts before making up stories. CH no longer needs to dump the market at this point.
If 0.35 can't hold, just go directly to 0.3. Anyway, it's been breaking new lows, and this rebound has been quite exhausting.
Waiting for 0.50? Bro, you're overthinking. Even 0.38 is a struggle.
Just want to know how much ADA institutions still hold and when the price will truly bottom out.
At this level of 0.50, it's basically just pie in the sky. Given the current situation, expecting a reversal is unrealistic.
It seems many projects are doomed to this fate. Let's wait and see.
View OriginalReply0
ForkLibertarian
· 16h ago
Uncle Cha said he didn't sell coins, and I believe it? Anyway, this price says it all, haha
---
If 0.35 can't hold steady, just go to 0.3. Rebound? First, survive
---
It's about $0.5, right? Then I'll sleep first and wait
---
If it can't break 0.4, don't talk about a rebound. That's nonsense
---
Sounds nice, but the technicals have long been broken through
---
Everyone wants to return to 0.5, can we wait?
---
No matter what Charles says, it's useless. The market speaks
View OriginalReply0
AlphaLeaker
· 16h ago
Playing the blame game again? I've heard this set of excuses from CH too many times. Believe it or not, I don't.
If you can't even hold 0.35, why would 0.50 save the world?
Let's wait until it hits bottom. It's a bit naive to call for a rebound now.
At this price level, I would never buy the dip. Let's see how the middle part develops.
View OriginalReply0
AirdropHarvester
· 16h ago
Trying to shift blame again? Who would believe this kind of excuse?
$0.50? Dreaming or what?
I’d laugh if it breaks below $0.30. Just wait and buy the dip, everyone.
Charles denying it like that only makes people less convinced, haha.
The technical analysis looks terrible; the key issue is that people's confidence has dispersed.
If it can't hold at $0.35, the entire market will be dragged down with it.
Instead of watching them pass the buck back and forth, why not let the charts do the talking?
A rebound? Let’s just survive first, friends.
View OriginalReply0
OnchainDetective
· 16h ago
Charlie is trying to whitewash again? Anyway, I don't believe it. Anything before $0.5 is all nonsense.
View OriginalReply0
StealthMoon
· 16h ago
Honestly, if CH denies it, just deny it. Anyway, we're already used to this kind of rhetoric.
If 0.35 can't hold, just head straight to 0.3. The most realistic question now is who the hell still dares to buy the dip.
0.5 is the savior; if you have the ability, go ahead and prove it.
Another bear market story session, no matter how good it sounds, ada is still going to keep falling.
Is it true? When CH comes out to clarify at this point, it definitely indicates something is a bit fishy.
Let's wait and see. If it can return to 0.4, that would be a high blessing.
You say ada can turn around, but I feel more like it's just delaying death.
View OriginalReply0
AirdropHunter9000
· 16h ago
This price is still dithering; no matter how CH denies it, it can't change the fact that the chart is speaking.
---
0.35 can't hold up; it's really going to explode. I bet 5 bucks we'll see 0.30 next week.
---
Waiting for 0.50? That'll be the year 3000. It's better to buy the dip at 0.30 first.
---
So he didn't sell off this round; then who crushed the market like this? Truly outrageous.
---
Honestly, denying or not denying doesn't help the current price at all. Let's see if it can hold steady at 0.38.
---
0.50 is just a dream. I'm only concerned about whether it can hold 0.35 and not break lower.
---
It seems that whenever the founders deny something in this wave, it doesn't end well. Either they're blacklisted or it's the truth.
Cardano project founder Charles Hoskinson recently denied rumors that he sold during the ADA price peak in 2021, stating that these claims are completely false.
From the market perspective, ADA is currently fluctuating around $0.35, and the weekly chart clearly reflects a continuous correction trend from the high point to now. On the technical side, $0.35 has become a key support level; if it is broken, the price may continue to decline to $0.30.
Want to see a rebound? ADA must recover the resistance zone of $0.38-$0.40. But the critical breakout point that can truly reverse market sentiment is $0.50—once this level is effectively stabilized again, market sentiment may genuinely shift.