Hoskinson Declares Crypto Industry Needs to Rebuild Credibility
- Industry Turning Point: Hoskinson declares the third generation of crypto dead due to rampant scams and fleeting trends that have eroded confidence, emphasizing the need for an industry built on credibility and lasting value to restore user trust.
- Fourth Generation of Privacy and Cooperation: He introduces the concept of the fourth generation of crypto, highlighting the launch of the Midnight platform aimed at achieving rational privacy and cooperation across networks, facilitating market integration and attracting new participants.
- Rejecting Hype Culture: Hoskinson criticizes the current hype-driven culture and short-term profit-seeking behavior, arguing that it undermines the trust foundation of the industry, calling for the establishment of real and meaningful projects to attract long-term builders.
- Rebuilding Market Confidence: He underscores Cardano's market position among privacy projects, indicating that commitment to substance is being recognized, asserting that only truly useful projects are likely to survive in the future.
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Technical Analysis for ADA
Technical Sentiment Analysis for Cardano (ADA) As of , Cardano (ADA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ADA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ADA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Cardano (ADA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.124 | 0.172 | 0.226 | 0.274 | 0.327 | 0.376 | 0.429 |
| Fibonacci | 0.172 | 0.211 | 0.235 | 0.274 | 0.313 | 0.337 | 0.376 |
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