By: Abbe Borg

Cardano, the blockchain that promises to blend scientific rigor with real-world applications, is no stranger to scrutiny. Launched in 2017 by Ethereum co-founder Charles Hoskinson, the platform has become synonymous with methodical development and ambitious goals. But while its supporters tout its potential to outpace competitors, detractors often ask whether Cardano is over-engineered or under-delivering. Either way, It’s had an irrefutably blockbuster November 2024.
Cardano’s native token ADA surged 144% over two weeks, climbing to $0.793 before cracking through resistance at $0.90. This rally is partly fueled by founder Charles Hoskinson’s announcement of his advisory role in Donald Trump’s administration, potentially signaling a more crypto-friendly U.S. regulatory environment. While optimism abounds, ADA’s technical landscape suggests a mixed near-term outlook.
Hoskinson Heads to WashingtonIn what might be the most unexpected turn in Cardano’s history, Charles Hoskinson has joined Donald Trump’s administration as a cryptocurrency advisor. The move comes as the U.S. grapples with crafting clearer regulatory frameworks for digital assets. Through his company Input Output Global (IOG), Hoskinson plans to launch a policy team in early 2025, aimed at shaping balanced crypto legislation inspired by existing proposals like the Financial Innovation and Technology for the 21st Century Act.
The announcement has sparked intense debate. Advocates view Hoskinson’s involvement as a chance to demystify crypto regulations and foster innovation in the U.S. Critics, however, worry that aligning with a polarizing administration could impact Cardano’s reputation as a neutral, apolitical platform.What does this mean for ADA? In the short term, Hoskinson’s government ties may boost investor confidence, particularly if he succeeds in influencing a favorable regulatory environment. Long-term implications, however, will depend on the broader reception of this move and whether it aligns with Cardano’s ethos.
Cardano (ADA) Technical Analysis Cardano (ADA) has been on fire lately, sitting at $0.98 today with a 24-hour trading volume of about $3.89 billion. Over the last month, ADA’s surged over 200%, making it one of the standout performers in the altcoin space.
Key Levels Resistance: The big one to watch is $1.00. It’s a major psychological level that ADA’s struggled with before. If it breaks through, we’re looking at $1.10 as the next hurdle.Support: ADA’s found decent support at $0.90. If it drops below that, the next real safety net is $0.85, followed by $0.80.
Technical Indicators RSI: At 60, ADA’s in a good spot—not quite overbought, but it’s approaching that territory. A pullback is possible if it hits 70, so watch for that.Moving Averages: ADA’s above both the 50-day and 200-day moving averages, so the trend is still bullish. But those averages are starting to narrow, which could signal some slowdown.MACD: The MACD is bullish, but the momentum is waning. It’s still a good signal, but a little less convincing than before.
Volume & Market SentimentVolume is strong, so the rally is real. If ADA breaks through resistance at $1.00, we’ll need sustained volume to keep the momentum going.The overall market sentiment is bullish, partly due to ADA’s tech updates and Charles Hoskinson’s recent political moves, which might play a role in future price action.
What’s Next for ADA?ADA’s near-term trajectory largely depends on how it handles resistance zones and whether trading momentum can sustain the rally. The broader crypto market sentiment, influenced by macroeconomic factors and Trump’s policy moves, will also play a significant role. If ADA clears $0.90 with high volume, the next leg up could target $1.00 or beyond. Conversely, failure to maintain current levels could lead to a retest of support around $0.70 or lower.
Cardano is a blockchain of contradictions: slow but ambitious, polarizing yet visionary. Its strengths lie in its methodical approach to tackling blockchain’s toughest challenges, from sustainability to scalability. But to maintain its relevance in an increasingly crowded market, Cardano will need to translate its research into results—and fast.
ConclusionADA’s got some solid bullish momentum, but it’s up against $1.00 resistance. If it clears that, $1.10 and $1.20 could be next. If it can’t hold above $0.90, a pullback to $0.80 is likely. Keep an eye on volume and the broader market sentiment for the next move.


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