- Cardano (ADA) stabilizes near $0.62 following a surge triggered by Trump’s 90-day tariff pause, with traders reacting positively.
- Charles Hoskinson predicts Bitcoin could reach $250,000 by 2025, while ADA aims for a potential breakout above $0.75.
Cardano (ADA) has found stability near $0.62 following a surge driven by news of a 90-day tariff pause announced by U.S. President Donald Trump. This move came as a relief to markets still grappling with the aftermath of trade tensions, particularly the escalation of tariffs between the U.S. and China. Cardano’s recovery was in line with the broader cryptocurrency market, which showed a sharp bounce after Trump’s decision, signaling a potential shift toward stability in the global economic landscape.
On Wednesday, ADA briefly reached a high of $0.6464, as traders responded positively to the tariff pause, particularly in the context of the ongoing economic uncertainty. Despite the initial momentum, Cardano has faced resistance, with bulls struggling to sustain upward movement above key resistance levels.
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Charles Hoskinson, the founder of Cardano’s blockchain, shared his optimistic views in an interview with CNBC, predicting that Bitcoin could surge to $250,000 by 2025. Hoskinson attributed this potential rally to a reduction in macroeconomic instability following the tariff pause, as well as expectations that the Federal Reserve might lower interest rates, injecting liquidity into markets. He noted that as geopolitical tensions ease, cryptocurrencies like Bitcoin and Cardano could benefit from a rise in investor interest and adoption.
Despite the recent bullish developments, Cardano’s price remains under the influence of several technical factors. ADA is currently trading below its 50-day, 100-day, and 200-day Exponential Moving Averages (EMA), which indicate the need for further momentum to confirm a sustained breakout. The Relative Strength Index (RSI) suggests a reduction in bearish pressure, but for ADA to reach new highs, it must break through key resistance at $0.75 and ultimately target the psychological $1 mark.
As the market digests these developments, traders are closely watching the $0.50 support level, which remains crucial for ADA’s short-term outlook. A solid defense of this level could pave the way for further gains, with a potential move toward $1 if the momentum persists. However, without a strong surge in trading volume, Cardano’s price may struggle to sustain its upward trajectory, leaving the market in a state of cautious optimism.
