Discover Crypto is one of the leading YouTube channels in the industry with over 1 million subscribers and they released a viral video about Cardano.
Before we go into what they explained about the ADA price in this article, note that it’s down 2.5% today, now trading at $0.70.
What you'll learn 👉
XRP Victory Opens Doors for Cardano
The XRP lawsuit is finally over – at least the major part that matters most. This win isn’t just good news for Ripple and XRP, but also for other cryptocurrencies facing similar regulatory challenges, especially Cardano (ADA).
The video showed a comparison chart highlighting which coins meet certain “pro-crypto” criteria in the U.S. Cardano stands out as the only cryptocurrency besides XRP that checks all these boxes. Both have ETF applications, are made in America, have been mentioned by Trump, and have founders involved with the White House. Charles Hoskinson, who created Cardano, has political visibility similar to XRP’s executives, suggesting ADA could benefit from the same regulatory clarity that XRP is now enjoying.
Hoskinson congratulated XRP, calling it a “great victory for crypto” and stating “it’s time to build again.” He knows SEC scrutiny well, as Cardano is named in both the Binance and Coinbase lawsuits. This positions ADA to potentially follow XRP’s path forward.
Market Signals Show Increasing Interest
Recent whale activity reveals growing interest in Cardano, with large investors buying 190 million ADA in just 24 hours. After a period of low activity, this sudden spike suggests smart money entering before a possible price move.
Sentiment toward ADA is at its highest in four months, with positive comments outweighing negative ones by 3.5 to 1. The last time sentiment was this high (in late October to early November), ADA saw a big price increase. The typical pattern follows a cycle: sentiment rises, price pumps, whales sell, and sentiment drops. Right now, we appear to be in the early phase of sentiment rising again.
On the technical side, ADA is testing important support levels dating back to 2018. Cardano is currently at the 850 Satoshis mark, which has been a strong support or resistance level many times in its history. How the price reacts at this level will be crucial.
In dollar terms, the XRP news and related crypto statements have caused a lot of price swings. Charts show ADA might dip to around $0.68-$0.69 in the short term. But the bigger picture looks good. If the current positive trend keeps going, ADA could climb above $1.10, which would be a nice gain from where it is now.
Looking at the RSI indicator, we see a bullish sign – while the price dropped to a new low, the RSI didn’t drop as much as before. This usually means there’s strength building up behind the scenes. On the longer timeframes, Cardano’s RSI is staying strong, which suggests there’s good support for the price even with the recent ups and downs.
Read also: Pro-XRP Lawyer on What’s Next for Ripple After SEC Drops Appeal – 4 Possible Scenarios
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