- ADA stuck in limbo: After a brief spike above $0.60, Cardano’s price has stalled and remains below $1, despite lofty $10 predictions from founder Charles Hoskinson.
- Hype fading, momentum weak: Trading volume and RSI are cooling off, with little to suggest a breakout is coming in Q2. ADA’s price action looks driven more by short-term hype than solid fundamentals.
- Fundamentals slipping: Cardano’s network fees and key metrics have dropped significantly, signaling declining usage and interest. Without a major shift, a push past $1 seems unlikely for now.
Cardano [ADA] ended April swinging hard — smashing through that stubborn $0.60 wall like it was nothing. For a moment, it felt like ADA was gearing up for a proper breakout. But now? Not so much. The hype train slowed down, and the price action? It’s just kinda… stuck. Sideways, again.
Which is kinda awkward when you remember Charles Hoskinson’s moon-level prediction of $10 per token. Yep, ten bucks. That’s what he said. Crypto Twitter went wild (as it usually does), but ADA? Still chilling under $1, unfazed.
Q2: More of the Same?
Flashback to February — ADA was riding that dip bounce like a champ. Volume shot up past $1.8 billion, and the price sprinted to $0.80 in less than a week. It was fast. It was loud. It was short-lived.
Now? We’re hovering around the same price… but with only a third of the volume. Current trading volume is dragging at about $640 million. That’s not exactly confidence-inspiring. A tiny 11% volume bump recently, but it’s more like a whisper than a roar. Technicals are cooling off, RSI’s been lukewarm for most of the year — the only time it spiked? That was thanks to a rumor involving Trump and some bogus reserves chatter.
So yeah, the current setup screams “meh” more than “moon.”
Can ADA Wake Up?
Unless Cardano surprises us with some monster shift in momentum or a burst of bullish sentiment, don’t expect fireworks for the rest of Q2. That elusive $1 mark still feels like a ceiling. And Hoskinson’s $10 dream? Feels like it belongs in another timeline.
Fundamentals? They’re Not Helping Either
To be fair, Hoskinson isn’t just pumping hopium — he’s banking on Cardano’s fundamentals. But let’s talk numbers. Network fees? Down 52% in just three months. They’ve dropped to around $8,100 — and no, that’s not a typo. It’s not the kind of number that sparks FOMO.
And it’s not just the fees. Key metrics across the board have been dragging — hitting multi-month lows that don’t exactly scream “breakout incoming.”
Final Take
Right now, ADA looks more like it’s in limbo than lining up for liftoff. Unless we see some serious shake-ups — either on-chain or in the broader market — Cardano staying below $1 feels like the default path.
As for $10? That one’s gonna need more than just Twitter hype and bold predictions. It’ll need momentum. And right now, that’s in short supply.
