Cardano (ADA) is gaining momentum after a volatile start to the year, now trading around $0.706 with a 14% gain over the past week.
As altcoin sentiment improves and Bitcoin consolidates, ADA’s price action suggests a major test is approaching that could determine its next leg higher.
ADA Facing Critical Resistance at $0.74
Technical signals indicate that ADA is pressing up against the $0.74 resistance zone, a level highlighted by Ali Martinez as pivotal. According to the analyst, a confirmed breakout above this area could open the door to a run toward $0.88, where heavier historical supply pressure awaits.
Furthermore, ADA’s structure has improved notably, with the price holding above its 21-day EMA and nearing the 200-day SMA around $0.76. A successful push past these levels would shift the broader market structure in Cardano’s favor.
Momentum indicators are starting to flash bullish. The RSI has climbed above 58, the Stochastic Oscillator is well into overbought territory, and the MACD remains in positive alignment.
These suggest underlying strength, but the next move hinges on whether buyers can overpower the cluster of resistance in the mid-$0.70s. The volume profile also shows increased activity around these levels, indicating growing market participation.
Hoskinson’s Bold Outlook Fuels Cardano Hype
Adding fuel to Cardano’s growing momentum, founder Charles Hoskinson recently made headlines by declaring that Ethereum will likely “go extinct” within the next decade.
In a candid AMA, Hoskinson highlighted Ethereum’s aging architecture, fractured L2 ecosystem, and mounting governance challenges as major vulnerabilities, comparing its fate to that of past tech giants like MySpace and BlackBerry.
Meanwhile, he positioned Solana and other next-gen blockchains as already “eating Ethereum alive.” In a separate interview, Hoskinson outlined a highly bullish case for Bitcoin, forecasting a potential surge to $250,000 by year-end on the back of regulatory progress, geopolitical shifts, and expected Fed rate cuts.
The broader crypto environment he envisions—one of accelerating tech adoption and liquidity injections—could also create powerful tailwinds for ADA’s price trajectory.
