Cardano Price News: Hoskinson Says Bitcoin's "Frozen" Governance Is Its Biggest Vulnerability - CaptainAltcoin
ADA price is not having a great few days, like most other altcoins this week. The token dipped 2% today and is now trading just slightly above $0. 16. The broader crypto market is down, with Bitcoin dipping near $64,000. However, there are some interesting Cardano price news to cover today. Hoskinson: Bitcoin’s “Frozen” Governance Is […]
Home»Journal»Cardano Price News: Hoskinson Says Bitcoin’s “Frozen” Governance Is Its Biggest VulnerabilityADA price is not having a great few days, like most other altcoins this week. The token dipped 2% today and is now trading just slightly above $0. 16. The broadercrypto market is down, with Bitcoin dipping near $64,000. However, there are some interesting Cardano price news to cover today. What you'll learn 👉Hoskinson: Bitcoin’s “Frozen” Governance Is Its Greatest VulnerabilityMore Crypto Online: ADA Stabilizing, But Not BottomingCardano Chart Analysis: Fibonacci Levels and Wave StructureWhere Could ADA Price Go From Here?Hoskinson: Bitcoin’s “Frozen” Governance Is Its Greatest VulnerabilityCharles Hoskinson arguedthat Bitcoin’s “frozen in time” governance, not quantum computing itself, is its greatest vulnerability. He contrasted this with Cardano’s on-chain voting system, which he claims can coordinate a timely migration to quantum-resistant cryptography. Hoskinson also confirmed that Cardano’s upcoming upgrade aims to make the network60 times faster. What this means:This is neutral forADA. It highlights Cardano’s governance model as a theoretical strength but does not translate to immediate adoption or price action. The upgrade is positive for the long-term narrative, but the market is not pricing in fundamentals right now. More Crypto Online: ADA Stabilizing, But Not BottomingAnalyst More Crypto Online weighed in onCardano’s current price action. His take is worth paying attention to. Cardano is stabilizing around$0. 163, which is the first major downside target. But stabilizing is not the same as bottoming. The price is holding, but there is no confirmation of a reversal yet. A break above $0. 20 would make the wave 4 bounce toward $0. 23 and $0. 314 more credible. That would be the first real signal that the low might be in. However, as long as the ADA price stays below $0. 20, the third wave could still be extending. The next major level below is $0. 092. Cardano Chart Analysis: Fibonacci Levels and Wave StructureThe attached 4‑day chart from More Crypto Online shows Cardano’s long-term wave structure. Source:X/@moretradingonlThe 78. 6% Fibonacci retracement at $0. 163:Price is currently exactly on this level. That is the first major downside target. The fact that the Cardano price is holding here is constructive, but it does not confirm a bottom. The wave structure:The chart shows a completed (A)-(B)-(C) correction, followed by a potential wave (ii) bounce. The labels indicate ADA is in a larger corrective phase, with the possibility of more downside before a sustained recovery. Resistance levels:$0. 20 is the first major resistance. A break above that would open the door to $0. 23 and $0. 314. $0. 230 and $0. 314are the next resistance levels. Downside targets:$0. 092is the 100% Fibonacci extension level. If the third wave extends, that is the next major level below. The ADA chart shows a multi-year downtrend since the 2021 peak above $3. 00. The current price action is a correction within that larger structure. A break above $0. 20 would be the first sign that the correction is ending. Read also:We Asked Grok and DeepSeek AI to Predict the Price of Bitcoin and Cardano by End of AugustWhere Could ADA Price Go From Here?The short-term outlook for Cardano is cautious. The price is holding support at $0. 163, but stabilizing is not the same as bottoming. The wave structure likely means more downside is possible before a sustainable recovery. Bullish scenario:If ADA breaks above $0. 20 , the next targets are $0. 23 and $0. 314. That would be the first real signal that the low might be in. This would require a broader crypto market recovery and positive news catalysts. Neutral scenario:ADA continues to trade between $0. 16 and $0. 18. Low volume. No clear direction. This is the most likely outcome for the next few days. Bearish scenario:If ADA loses$0. 163 , the next major level is $0. 092. That would be a 40% drop from current levels and would signal that the third wave is still extending. My honest take:I am not buying Cardano here. The chart is bearish. The wave structure points lower. The fundamentals are positive, but the price action is not. I want to see a break above $0. 20 before considering a position. Until then, the path of least resistance is lower. Subscribe toour YouTube channelfor daily crypto updates, market insights, and expert analysis.