ADA continues to track Wall Street headlines rather than its own fundamentals, a trend Charles Hoskinson believes is stalling bullish Cardano price predictions.
The altcoin has failed to impress over the past four years. Even in the post-halving bullish phase in its historical four-year cycle, it still trades 85% below its 2021 all-time high of $3.10.
In his recent podcast, Hoskinson blamed this weak performance on the outsized influence of macroeconomic events on the crypto market.
Events like U.S. Fed Data, tariffs, traditional bank crashes and political tensions dictate sentiment regardless of Cardano’s progress in innovation and institutional adoption.
“Trump tweets something, tariffs come out, or some goddamn bank that we’ve never heard of collapses, and suddenly the market goes down 20%,” he stated.
Hoskinson said he is “tired” of this dynamic and wants a fast, lasting change built on one idea: unity.
He urged the Cardano community and the wider crypto sector to present a united front and push to go “their own way,” suggesting a de-peg from the risk asset category.
And with the possibility of deeper institutional participation through upcoming spot ETFs, ADA may gain the long-term stability needed to resist these macro headwinds and reduce reliance on short-term speculative flows.
Cardano Price Prediction: Is This a Turning Point for ADA?
Unity could be what Cardano needs as technicals verge on bullishness, with a year-long symmetrical triangle pattern now back in play.
Its lower support trendline stands to be confirmed as a launchpad level yet again, with momentum indicators hinting towards bullishness.
The RSI has made a sharp reversal from the 30 oversold threshold, while the MACD histogram approaches a golden cross above the signal line. Both metrics suggest the early stages of a fresh uptrend with sellers giving way to new buy pressure.
A recovery of the key demand zone at $0.50 could confirm a sustained upward move by establishing higher and firmer support.
The $0.50 demand zone is the immediate level to watch. Reclaiming this level would establish higher and firmer support for a sustained upwards move.
In a breakout scenario, ADA stands to recover late 2024 highs around $1.35 for a 220% gain.
But with bullish narratives like ETFs entering the picture, fundamentals lay the groundwork for a fully realised breakout push towards previous market cycle highs at $3, a 620% gain.
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The post Cardano Price Prediction: Hoskinson Says ADA Won’t Be Controlled by Wall Street Anymore – Is This the Turning Point? appeared first on Cryptonews.
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