In a recent tweet, Cardano founder Charles Hoskinson praises the potential of Artificial Intelligence (AI), describing it as magic. "AI is magic," Hoskinson wrote.
Cardano price fell over 5% towards $0.25 on Thursday, paring off a part of its gains seen on the previous day. According to data from crypto.news, Cardano (ADA) price fell 5.7% from $0.263 on Wednesday to $0.
Cardano trades at $0.25 with neutral RSI at 46.83. Technical analysis suggests potential rally to $0.27 resistance if current support at $0.24 holds through April 2026.
Cardano's (ADA) price has risen and broken above the moving average lines, but has been halted by the 50-day SMA.
Cardano (ADA) is currently gaining increased market attention, as seen by a spike in daily trading volume. The sharp increase in this key metric comes amid a new rally in ADA over the past week.
Cardano made significant advances in tokenization, governance and developer tools, according to the Foundation's monthly report. The SEC and CFTC classified ADA as a digital commodity. The Foundation approved treasury disbursements of 50 million ADA for Draper Dragon's Orion Fund and backed the DeFi budget withdrawal.
Cardano is stepping into a transition phase as its development arm, Input Output Global (IOG), reshapes its roadmap. The network is moving away from multiple parallel initiatives and concentrating efforts on fewer, more advanced frameworks. Acropolis and Tiered Pricing Dropped IOG has confirmed that the Acropolis project will be discontinued in April 2026.
The Cardano community has officially approved the first tranche of the Orion Fund, a venture-style initiative designed to bridge Bitcoin liquidity into its decentralized finance (DeFi) ecosystem. The governance vote unlocks 50 million ADA from the network's treasury, marking a pivotal shift in how Cardano funds its long-term economic expansion.
ADA trades at $0.26 with neutral RSI at 52.71. Technical analysis suggests potential move toward $0.32 resistance, though MACD shows bearish momentum.
On-chain data shows the Cardano network has witnessed a surge in large wallets over the last couple of months, a sign that big-money hands have flowed in. Cardano Wallets With More Than 10 Million Tokens Have Grown In Count As highlighted by on-chain analytics firm Santiment in an X post, Cardano whales have hit a 4-month high count.
Cardano and its whales are in a tricky position right now.
Cardano whale wallets surge to a four-month high, yet ADA's price remains stagnant below $0.25, despite growing accumulation.