Cardano price today is trading at $0.826, rebounding after defending support near $0.78. The move comes as ADA attempts to shake off recent governance controversies and regain momentum toward the $0.92 Fibonacci level. Traders are weighing technical compression, Wyckoff cycle speculation, and founder Charles Hoskinson’s response to a $600 million controversy.
Cardano price today is trading at $0.826, rebounding after defending support near $0.78. The move comes as ADA attempts to shake off recent governance controversies and regain momentum toward the $0.92 Fibonacci level. Traders are weighing technical compression, Wyckoff cycle speculation, and founder Charles Hoskinson’s response to a $600 million controversy.
The weekly Fibonacci structure highlights ADA clinging to the 0.382 retracement at $0.82. A clean break above this area could set the stage for a retest of $0.92, aligning with the 0.5 Fib level and a key historical pivot.
On the 4-hour chart, ADA trades just under EMA resistance at $0.83–$0.84. A breakout above the descending trendline near $0.88 would open the door to higher levels, while failure to defend $0.78 risks exposing price to $0.72–$0.70, where heavy demand last reappeared. Momentum remains cautious. RSI sits near 52, reflecting neutral sentiment. Traders are watching for volume confirmation before betting on continuation.
Market chatter intensified after an analyst post suggested Cardano has entered its “parabolic phase” of the Wyckoff cycle. This stage is associated with explosive upward price action and rapid momentum shifts. This narrative has fueled bullish bets and renewed interest among retail traders.
narrative was recently clouded by allegations of a $600 million insider theft involving over 300 million ADA. Founder Charles Hoskinson dismissed the claims, ordering an independent audit. The review confirmed the tokens were not stolen but moved into a trust fund, Intersect, designed to support ecosystem development.
The clarification eased panic among investors and reestablished confidence in the project’s governance. However, the episode highlights sensitivity to foundation-level disputes that can trigger volatility even when fundamentals remain intact.
Key levels remain clear for the short term. Immediate resistance sits at $0.84, followed by $0.88. A decisive break above $0.88 would unlock momentum toward $0.92 and $1.01.
On the downside, losing $0.78 would place ADA back in danger, with $0.72 and $0.70 acting as critical defense zones. A deeper failure could see ADA revisit $0.65, unwinding gains from July’s rebound.
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The next move for ADA hinges on whether Wyckoff cycle optimism can overcome near-term resistance and cautious on-chain signals. Technical compression suggests an imminent breakout, but governance trust and capital flows will decide direction.
As long as ADA holds above $0.78, analysts see a path toward $0.92 and possibly $1.01. A rejection near $0.84–$0.88, however, could drag the price back into consolidation and test investor patience.
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