The post Cardano’s Bitcoin DeFi Push Faces Its First Delivery Test appeared first on Coindoo.

Key Takeaways

Cardano founder Charles Hoskinson is backing Pogun, a development initiative intended to bring Bitcoin liquidity into Cardano-based credit and yield markets.

Led by Omer Husain and the team behind Input Output’s open-source Cardinal bridge specification, Pogun plans to combine a non-margin credit market, a yield application and a trust-minimized Bitcoin bridge.

The project’s central test is not whether Cardano can advertise access to Bitcoin’s market value. It is whether Pogun can launch a useful credit market, attract borrowers and lenders, and give BTC holders a reason to cross the bridge when it becomes available.

The $1.6 Trillion Bitcoin Claim Needs Context

Pogun’s official proposal describes Bitcoin as a vast pool of capital that is “almost entirely idle.” The phrase refers to Bitcoin’s limited use in native decentralized lending and credit markets, not to every BTC sitting unused.

Some coverage has rounded the opportunity to $1.6 trillion, while Pogun’s own governance proposal described Bitcoin as a roughly $1.5 trillion asset. Either figure is a time-sensitive estimate of Bitcoin’s total market capitalization which as of 19 July, 2026, is around $1.3T, not an amount that Pogun has secured or expects to move into Cardano in full.

Bitcoin is already used through self-custody, exchanges, corporate treasuries, exchange-traded products and centralized lending arrangements. Pogun’s argument is narrower: only a relatively small portion of that capital participates in decentralized credit and yield markets without relying on a centralized custodian.

Pogun is therefore competing for the subset of Bitcoin holders willing to use BTC as collateral or deploy it into financial strategies. It is not integrating Bitcoin’s entire market value into Cardano.

Pogun Plans to Build the Market Before the Bridge

Pogun’s published roadmap contains three connected stages:

Pogun’s sequence is deliberate. The credit market is intended to establish demand, the yield application would make that market easier to access, and the bridge would then introduce Bitcoin as additional collateral and liquidity.

That gives incoming BTC an intended use from the beginning, but it also creates dependency between the milestones. Delays or weak adoption in the first two products could reduce the reason for Bitcoin holders to use the bridge when it arrives.

The First Roadmap Deadline Has Passed

The proposal stated that the non-margin credit market would launch on Cardano’s mainnet in the second quarter of 2026 after completing a formal security audit.

That quarter ended on June 30.

As of July 19, Pogun’s official website continues to describe the platform as “coming soon.” The official project pages reviewed for this article do not provide a public mainnet announcement, deployed contract address or completed audit report.

That does not establish that development has stopped. It means the Q2 milestone cannot yet be treated as publicly delivered based on the evidence currently available.

In a June 11 video, Hoskinson said work had not been paused after the project failed to secure treasury funding and described Pogun as a commercial initiative that could continue without the proposed community investment.

His comments indicate that development is continuing, but they do not establish that the credit market has launched publicly or completed the formal audit described in the original proposal.

The Cardano Treasury Did Not Fund Pogun

Pogun requested ₳12.29 million from the Cardano Treasury, valued at approximately $2.95 million when the proposal was prepared.

The proposed funding was divided into milestone-based tranches. Later bridge funding would have depended on verified progress in the credit market, while the proposal included provisions for returning undisbursed funds if milestones failed, the team dissolved or the bridge was found to be technically infeasible.

Pogun also proposed returning 20% of EBITDA to the Cardano Treasury until the original investment had been repaid, followed by 5% of EBITDA from Cardano-related products in perpetuity.

That arrangement was never activated.

The onchain governance action expired on May 24, 2026, without receiving the support required for ratification. No ₳12.29 million treasury withdrawal was approved for Pogun.

The failed vote did not remove money that had already been granted. It meant that this specific treasury withdrawal was never authorized.

If Pogun continues as a privately funded commercial initiative, the Cardano Treasury will not automatically receive the proposed revenue share unless a separate agreement is approved in the future.

How Pogun’s Credit Market Is Supposed to Work

Pogun’s first planned product differs from the pooled, overcollateralized lending markets commonly found across DeFi.

Smart contracts would enforce those agreed terms. According to Pogun, the model would not depend on external price oracles or automatic margin calls, meaning temporary market volatility would not by itself liquidate a borrower’s collateral.

The structure resembles fixed-term private credit more closely than a continuously rebalanced DeFi lending pool.

Active loan positions would be represented by transferable Bond Tokens issued as Cardano native assets. That could allow a lender to transfer or sell exposure before a loan matures, creating the foundation for a secondary market in tokenized debt positions.

Removing automatic price-based liquidation does not remove financial risk.

A borrower can still default, collateral can lose value before it is recovered, and Bond Tokens may have little secondary-market liquidity. Smart-contract vulnerabilities, weak borrower assessment and disputes involving real-world counterparties could add further risk.

The model exchanges the danger of rapid oracle-driven liquidation for longer-duration credit, liquidity and enforcement risks. Its usefulness will depend on how clearly those risks are disclosed and priced.

The Bridge Is Trust-Minimized, Not Trustless

Pogun’s final stage is intended to move Bitcoin into the Cardano environment without placing the underlying BTC under the control of a single custodian.

The roadmap describes a 1-of-N security model. Under that design, a fraudulent withdrawal can be blocked as long as at least one verifier in the operator set remains honest and available.

Although the proposal labels the component a BitVM-powered bridge, a later technical explanation from Input Output says the team moved toward a custom implementation based on BABE after identifying production constraints in the BitVM family of designs.

At a high level, the design is intended to prove what happened on Cardano, compress that evidence into a smaller cryptographic proof and make the result verifiable through a Bitcoin-side mechanism without giving one custodian control of the underlying BTC.

Mithril certificates allow external systems to verify authenticated information about Cardano without independently replaying the entire blockchain. Pogun intends to use proofs built over that certificate chain to establish what occurred on Cardano before a corresponding Bitcoin-side action is accepted.

The architecture is technically detailed, but a design document is not proof of production security.

Bridge implementations can be exposed to software bugs, proof-system failures, operator outages, configuration errors and weaknesses in the applications holding bridged assets. Public code, independent audits, testnet performance and the composition of the verifier set will matter as much as the cryptographic design.

Calling the bridge trust-minimized is therefore more accurate than calling it trustless.

Why Cardano Sees an Architectural Fit With Bitcoin

Cardano argues that it is a natural environment for Bitcoin-based finance because the two networks share a related accounting structure.

As Cardano’s official documentation explains, Bitcoin and Cardano both use versions of the Unspent Transaction Output model. Bitcoin transactions consume existing outputs and create new ones, while Cardano extends that structure through its EUTXO model to support programmable conditions, native assets and smart contracts.

That shared lineage can make some financial logic easier to express across the two systems. It does not mean that Cardano can control native Bitcoin directly or that other smart-contract networks cannot support Bitcoin-based applications through different architectures.

Pogun still requires a bridge to connect two separate ledgers. Its success will depend on implementation quality, security and market demand rather than the UTXO connection alone.

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What Pogun Could Mean for Cardano and ADA

Pogun is partly an attempt to expand Cardano’s relatively small DeFi economy.

At the time of writing, DefiLlama records approximately $72 million in total value locked across Cardano applications. Even a modest amount of BTC deployed into Cardano-based credit markets could therefore be material relative to the ecosystem’s present size.

That possibility should not be confused with a guarantee that billions of dollars will arrive.

Claims that Pogun could push Cardano’s TVL to $10 billion or $15 billion are not supported by the project’s formal proposal. Its own end-of-2027 scenarios projected approximately:

• $100 million in Pogun TVL under a bearish scenario;
• $450 million under its base scenario;
• $765 million under its bullish scenario.

Those are project forecasts rather than assured outcomes. Actual adoption will depend on bridge security, borrowing demand, available returns, liquidity, regulatory access and competition from other Bitcoin DeFi platforms.

The effect on ADA also needs careful framing.

Under Cardano’s current rules, ADA is accepted as payment for network fees. Pogun activity executed on Cardano could therefore generate additional transaction-fee demand.

The scale of that effect would depend on transaction volume, fee levels and whether applications require users to hold ADA directly or abstract the payment process on their behalf. Bridged Bitcoin sitting inactive in a contract would not create the same recurring network demand as an actively used credit market.

Pogun could add utility to Cardano, but publishing a roadmap does not by itself create substantial or sustainable demand for ADA.

What Would Confirm the Bitcoin DeFi Thesis

The strongest evidence will come from delivered products and measurable usage rather than the total market value of Bitcoin.

The thesis would become more credible if Pogun provides:

For now, Pogun remains a development initiative rather than evidence that significant Bitcoin liquidity has entered Cardano.

The next decisive proof point is a publicly verifiable launch of the credit market, followed by its audit results and measurable lending activity. Only then will the planned yield layer and Bitcoin bridge have an operating market to connect to.

This article is provided for informational purposes only and does not constitute financial, legal or investment advice.

The post Cardano’s Bitcoin DeFi Push Faces Its First Delivery Test appeared first on Coindoo.

Check our Market Overview 

Source: https://coindoo.com/cardanos-bitcoin-defi-push-faces-its-first-delivery-test/

The price of Cardano’s ADA token has remained unmoved even after 137 SPAR supermarkets across Switzerland announced they now accept Cardano (ADA) as a payment method, giving the cryptocurrency a new real-world utility.

The integration, powered by a payment system that connects Cardano’s blockchain to everyday retail checkouts, allows SPAR customers to pay directly from their wallets, without converting to traditional currencies.

You can now pay with $ADA at 137 SPAR stores across Switzerland.

In partnership with @DFX_swiss and @BrickTowers, we are helping bring blockchain into everyday commerce through real-time, low-cost retail payments.

Read the full press release: https://t.co/gvYRHclp4F

— Cardano Foundation (@Cardano_CF) March 5, 2026

Cardano’s ADA token remains unmoved

This move marks a significant step toward mainstream adoption of ADA.

For many cryptocurrencies, being used in everyday retail has been a distant goal, and Cardano now joins a small group of digital assets being used at physical stores.

However, despite this positive development, ADA’s market performance has remained relatively stagnant.

At press time, the cryptocurrency was trading around $0.272, down 1.3% over the last 24 hours.

Cardano price technical analysis

From a technical standpoint, momentum indicators provide a mixed picture.

The Relative Strength Index (RSI) is recovering from oversold territory but remains below neutral, suggesting buyers have yet to assert dominance.

The Moving Average Convergence Divergence (MACD) indicator readings are flat, signalling a lack of strong bullish or bearish momentum.

Derivatives markets indicate a cautious stance, with long-to-short ratios below one and declining futures participation, hinting that traders are leaning toward a defensive approach rather than aggressive buying.

On-chain activity also shows more coins are being moved, a signal that holders may be redistributing or taking profits.

Combined with modest daily losses, this data suggests that ADA’s recent rebound is not yet convincing enough to trigger a larger market rally.

ADA price forecast

While Cardano’s integration into 137 Swiss SPAR stores is a landmark moment for adoption, the market has yet to respond.

Technical levels suggest that ADA remains range-bound, and traders should be looking for decisive moves either above the immediate resistance or below the immediate support to determine the next trend.

Notably, a descending trendline has been forming, with $0.28 currently acting as the immediate resistance point.

Therefore, a breakout above this level with sustained volume could open the path toward $0.32, where stronger resistance aligns with clustered moving averages.

On the downside, a clear break under $0.26 could bring the $0.24 level into play.

Falling below that could accelerate selling and bring prices closer to $0.21, echoing recent technical warnings about potential downside.

The post ADA price stuck near $0.27 despite SPAR payment integration appeared first on CoinJournal.

ADA price stuck near $0.27 despite SPAR payment integration

Source: https://coinjournal.net/news/ada-price-stuck-near-0-27-despite-spar-payment-integration/

Cardano (ADA) has seen its price dip below the $0.27 mark, continuing a recent streak of selling pressure.

The cryptocurrency is currently trading around $0.2646, down nearly 3% over the past 24 hours.

Bitcoin-denominated value has also decreased, reflecting broader market weakness.

Notably, this decline comes as ADA battles multiple resistance levels while trying to hold its long-term support near $0.28.

Charles Hoskinson’s statement about the CLARITY Act

Adding to market uncertainty, Charles Hoskinson, founder of Cardano, has publicly criticised the CLARITY Act.

While some executives see regulatory clarity as a positive step, Hoskinson’s stance highlights concerns that the CLARITY Act may inadvertently hinder growth and limit competition within the American crypto market.

Hoskinson called the proposed legislation “horrific” and warned it could stifle innovation in the cryptocurrency space.

Hoskinson argues that the bill would categorise most digital assets as securities by default.

He believes this framework could give regulators excessive power and place unnecessary burdens on future crypto projects.

According to him, while established networks may be grandfathered in, new developers could be forced to operate abroad to avoid restrictive US rules.

On-chain shows whales offloading ADA holdings

On-chain data from Santiment confirms that whale activity has also been a significant factor in ADA’s recent price movements.

Both mid-tier and large holders have reduced their exposure, creating a supply surge that the market has struggled to absorb.

At the same time, futures markets indicate negative funding rates, showing that bearish sentiment dominates derivatives trading.

Retail investors attempting to buy the dip have been unable to counterbalance these outsized moves.

Cardano Price Outlook

For traders and investors, several levels are crucial to watch.

The immediate resistance lies near $0.29 to $0.30, reinforced by descending trendlines and moving averages.

Breaking above this zone could open the door for a short-term recovery.

On the downside, Cardano’s historical price context shows that the $0.28 region is a critical support zone.

This level has repeatedly acted as a floor in past downtrends, making it a key point to monitor.

Failure to hold $0.28 would expose the next support around $0.25, with deeper levels near $0.24 if selling continues.

A break below these points could signal a continuation of the downtrend and test historical lows around $0.21 to $0.18.

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Cardano (ADA) price dips below $0.27 as Hoskinson calls CLARITY act a ‘horrific’ bill

Source: https://coinjournal.net/news/cardano-ada-price-dips-below-0-27-as-hoskinson-calls-clarity-act-a-horrific-bill/ ***

After the recent surge from around $0.24, Cardano (ADA) has struggled around the $0.27–$0.28 range for several weeks now.

However, recent developments and chart patterns signal a possible breakout.

Coinbase integration boosts ADA utility

One of the main factors driving renewed interest is the announcement that Coinbase now allows ADA to be used as collateral for loans.

This new feature allows users to borrow up to $100,000 in stablecoins without selling their ADA holdings.

Investors who want liquidity but wish to retain their ADA can now do so, thereby avoiding potential taxable events associated with selling.

This feature is especially appealing in volatile markets where traders want flexibility without exposing themselves to full downside risk.

It also underscores ADA’s growing real-world utility. Holding ADA is no longer just a speculative play; it can now serve as a financial instrument.

Large holders, often referred to as whales, may be particularly motivated by this.

Using ADA as collateral encourages them to maintain or even increase their positions.

This kind of activity often reduces supply pressure and stabilises the token in periods of uncertainty.

Moreover, as more users access these loans, the network effect could drive broader adoption across crypto platforms.

It positions ADA as a more functional and versatile asset, strengthening its market presence.

Technical signals suggest a possible reversal

At the same time, ADA’s charts are showing promising signs that a reversal may be in play.

Trading volume has sharply declined over recent months, reaching a multi-month low.

While falling volume often indicates waning interest, in this case, technical indicators suggest something more nuanced.

An inverse head-and-shoulders pattern has started to form, which is typically a bullish signal.

The Relative Strength Index (RSI) also shows divergence, suggesting that the selling pressure is easing and buyers may be stepping in.

If ADA can push above the $0.30 resistance level, it could ignite a rally toward $0.40 or even higher.

Support around $0.27 is now critical; a drop below this level could erode bullish momentum and delay any breakout.

A further slide below $0.22 would indicate that the reversal pattern has failed, potentially opening the door to extended losses.

Even with short-term uncertainty, the combination of technical patterns and Coinbase integration is creating cautious optimism among traders.

Whales are also accumulating the altcoins.

On-chain data from Santiment shows that large holders have been steadily increasing their ADA positions, often a sign that strong hands are preparing for a sustained move higher.

Historically, such accumulation tends to precede upward price momentum once market conditions improve.

The alignment of technical signals, increased utility, and investor confidence could make the coming weeks critical for ADA’s trajectory.

For traders and holders, these developments suggest that Cardano may be on the verge of breaking out from its current consolidation phase.

The post Cardano (ADA) flashes technical reversal signals following Coinbase integration appeared first on CoinJournal.

Cardano (ADA) flashes technical reversal signals following Coinbase integration

Source: https://coinjournal.net/news/cardano-ada-flashes-technical-reversal-signals-following-coinbase-integration/

Cardano (ADA) has struggled to regain momentum over the past year.

Currently, ADA is trading at $0.2635, with a slight 0.7% increase in the last 24 hours.

The 24-hour range spans from $0.2611 to $0.2723, reflecting modest intraday volatility.

Over the last seven days, ADA has lost about 11%, and its one-year performance remains down 62.4%.

Despite the persistent bear market, Cardano’s trading volumes over 24 hours remain significantly high at $407.8 million, indicating that the token continues to see active trading.

Market catalysts and institutional support

Cardano’s broader market outlook is influenced by the upcoming layer-1 upgrade dubbed Ouroboros Leios.

The Ouroboros Leios upgrade, confirmed at a Tokyo community event on the Midnight Japan Tour by Input Output’s Michael Smolenski and Cardano founder Charles Hoskinson, is expected to improve scalability, security, and decentralisation.

Leios will introduce parallel block processing to increase transaction throughput dramatically.

If successful, this upgrade could address the blockchain trilemma and attract more developers and users to the network.

On the institutional front, the CME Group recently launched ADA futures, including standard and micro contracts.

Cardano, Chainlink and Stellar futures are now available to trade.

Expand your trading strategy with the capital efficiency and flexibility of these new contracts, available in both larger and micro sizes.

Start trading today. https://t.co/CMksnUfZpo pic.twitter.com/19thOQHGZk

— CME Group (@CMEGroup) February 9, 2026

These futures provide regulated exposure to Cardano for professional traders and investors.

The addition of micro contracts lowers the entry barrier and may boost liquidity in the short to medium term.

Historical price data also provides context.

ADA’s all-time high was $3.09 in September 2021, while its all-time low of $0.01925 in March 2020 demonstrates the token’s extreme volatility.

Despite its current decline, ADA has grown by over 1,200% from its lowest point, showing long-term resilience.

Cardano technical outlook

From a technical standpoint, ADA faces key resistance around $0.28 to $0.31, which could define the short-term trajectory.

The Relative Strength Index (RSI) is near 33, suggesting the token is approaching oversold conditions.

The Moving Average Convergence Divergence (MACD) indicator also shows bearish momentum, although the potential for reversal exists if buyers step in.

Bollinger Bands indicate that the price is near the lower range, hinting at some room for a bounce.

On the upside, a recovery above $0.31 could open the path toward $0.35, while a failure to hold support near $0.25–$0.26 may push ADA lower.

Analysts note that an inverse head-and-shoulders pattern may be forming, signalling a potential trend reversal.

They highlight that a breakout above $0.275–$0.28 could target $0.346, representing roughly a 30% upside from current levels if the selling pressure continues to ease and trading volume confirms the move.

Ultimately, ADA’s next move will depend on whether buyers gain confidence and push the token above resistance.

The post Cardano price forecast: will ADA breakout or decline further from here? appeared first on CoinJournal.

Cardano price forecast: will ADA breakout or decline further from here?

Source: https://coinjournal.net/news/cardano-price-forecast-will-ada-breakout-or-decline-further-from-here/

Cardano (ADA) is riding a wave of renewed investor interest following the highly anticipated launch of the Midnight Network’s NIGHT token airdrop.

The toke airdrop, described by many as one of the most ambitious token distributions in the crypto space, has reignited bullish momentum within the Cardano ecosystem.

With strong fundamentals, favourable technical setups, and growing community engagement, ADA may now be on the verge of a significant breakout.

NIGHT airdrop ignites ecosystem excitement

The Midnight Network, Cardano’s privacy-focused sidechain, officially launched the NIGHT token airdrop — known as the “Glacier Drop” — on August 5.

The drop targets up to 30 million wallets across eight major blockchain ecosystems, including Ethereum, Bitcoin, and Solana.

However, Cardano wallets received the lion’s share, with 50% of the total allocation reserved for ADA holders.

This strategic move not only reinforces Cardano’s dominance in the airdrop but also rewards long-term supporters.

Eligibility was based on a snapshot taken on July 11, targeting wallets with at least $100 in native assets.

Over 23,000 redemptions, totalling more than 470 million NIGHT tokens, were processed within the first few days — an early sign of high user engagement.

Despite some technical glitches involving Ledger wallet signatures and destination address issues, the overall process has been praised for its smooth user experience.

Midnight’s phased distribution strategy, including a thawing period and a scavenger phase, aims to reduce speculative dumping and support steady adoption.

Cardano (ADA) price breakout from descending triangle

While the airdrop has drawn significant attention, the technical charts for Cardano (ADA) have quietly become increasingly bullish.

Technical analysis points to a successful breakout from a long-standing descending triangle, followed by a textbook retest at the $0.72 level.

This level now serves as a critical support zone. Cardano’s ability to hold above it suggests that the rally may be structurally sound.

Currently, ADA is retesting a key resistance area between $0.74 and $0.76. Multiple analysts agree that a break above this zone could open the door to $0.84, a crucial breakout point.

If ADA clears this level with volume, momentum could quickly push the price toward $1.00, and potentially $1.30 in the coming months.

Some market analysts, including CryptoBullet and Ali Martinez, have identified $1.35 as a potential liquidity target.

The long-term bullish scenario sees ADA extending toward $1.60 if broader market sentiment improves and key resistance levels are decisively broken.

Community governance adds more fuel

While technicals and airdrops have grabbed attention, Cardano’s recent developments in community governance have also helped boost investor sentiment.

The community recently approved its first-ever treasury funding proposal, greenlighting Input Output Engineering’s plan for core upgrades.

The approval marked a historic shift, enabling decentralised decision-making for future ecosystem development.

Additionally, Cardano has ramped up its global education initiatives. On August 6, it launched the CBCA blockchain certification course in Portuguese, targeting Brazil’s rapidly growing crypto market.

With Brazil reporting $7 billion in crypto volume and a 30% market growth last year, the move is viewed as a strategic attempt to onboard new developers and users.

Future course releases in languages like Hindi and Swahili could further expand Cardano’s global footprint.

Can ADA ride the Q4 wave again?

Historically, Cardano has shown a strong tendency to rally in the final quarter of the year.

In both 2023 and 2024, Q4 saw significant price increases for ADA following mid-year consolidations.

Current patterns suggest 2025 may follow a similar path. Seasonality, combined with bullish technical indicators and a major ecosystem event like the NIGHT airdrop, has set the stage for a potential surge.

With momentum quietly building, traders are now closely watching the $0.84 resistance level.

A breakout from this point could validate the multi-month reversal and propel ADA toward its next leg up.

The post Cardano price boost as Midnight’s NIGHT token airdrop goes live appeared first on CoinJournal.

Cardano price boost as Midnight’s NIGHT token airdrop goes live

Source: https://coinjournal.net/news/cardano-price-boost-as-midnights-night-token-airdrop-goes-live/

Cardano (ADA) has surged in value following a mix of bullish technical patterns and a heated public exchange involving its outspoken founder, Charles Hoskinson.

The price of ADA currently sits at around $0.75, climbing over 39% in July alone and catching the attention of traders and analysts alike.

Despite the distraction caused by the scam allegations levelled against Input Output (IOG), Cardano’s strong price action and favourable chart structures suggest that its bullish trend remains intact.

Hoskinson hits back at online scam claims

A person named Robin Engraf emailed Hoskinson, accusing Gabriel Martin, allegedly from Input Output (IOG), of embezzling funds during a supposed “trade withdrawal.”

Engraf claimed to have months of chat logs and bank records, urging US authorities to act.

In response, Hoskinson, the founder of Cardano and IOG, has responded to the email publicly, dismissing the accusation as not only baseless but also a reflection of broader gullibility in crypto communities.

In a stern statement, Hoskinson has criticised the trend of blaming public figures for falling victim to scams, calling out what he described as “carelessness and stupidity.”

He emphasised that such incidents are not new and have been occurring for nearly a decade, largely due to impersonators and false promises of extraordinary returns.

Hoskinson didn’t hold back as he argued that people often refuse to take responsibility after being deceived by schemes that promise easy profits.

He noted that victims of scams frequently turn their frustrations toward legitimate figures and companies, despite having no evidence of wrongdoing on their part.

While Hoskinson’s remarks sparked debate online, they also served as a reminder of the ongoing risks tied to impersonation fraud in the cryptocurrency space.

His message, though controversial, aligned with years of warnings about avoiding offers that seem too good to be true.

Current Cardano price action signals a bullish momentum

Even as this public spat unfolded, ADA’s market performance has continued to impress.

The cryptocurrency recently broke out of a long-standing downtrend around $0.63 and has since climbed steadily, forming a series of higher lows and testing resistance at $0.78.

According to market analysts, ADA is currently forming a symmetrical triangle pattern on the 4-hour chart, often a bullish continuation signal.

If the price pushes decisively above $0.80, it could open the path toward $0.84 and potentially even the psychological $1.00 mark.

Technical indicators also appear to support this view, with the Relative Strength Index (RSI) climbing above 70 and the Moving Average Convergence Divergence (MACD) maintaining a bullish crossover on both daily and weekly timeframes.

On-chain volume has also increased during price rallies, further supporting the case for sustained upward momentum.

Trader sentiment has tilted strongly bullish

Alongside strong technicals, trader positioning continues to lean bullish.

According to TapTools, over 70% of open positions on Hyperliquid and Binance are long on ADA, suggesting that the broader market expects further gains in the near term.

This confidence has been building as ADA remains above key support levels, particularly the $0.73 mark.

ADA’s price range over the last 24 hours has fluctuated between $0.7151 and $0.7536, with current levels testing the $0.78 resistance zone.

If bulls manage to flip this zone into support, analysts expect a smooth move toward higher targets in the coming weeks.

Despite the lingering distraction caused by the scam allegations, traders appear more focused on ADA’s improving fundamentals and technical posture.

Hoskinson’s blunt response may have sparked debate, but it has not shaken the conviction among ADA supporters.

The long-term ADA price outlook is optimistic

With its market cap standing at over $27 billion and a circulating supply exceeding 36 billion tokens, ADA continues to rank among the top 15 cryptocurrencies.

Analysts like StonkChris see potential for ADA to revisit the $2 level later this year, especially if broader market sentiment continues to shift risk-on.

Sometimes charts are really just this simple.

A series of higher lows and higher highs.

$2 $ADA incoming. pic.twitter.com/F0ALHesB2v

— Chris (@StonkChris) July 15, 2025

The recent launch of Reeve, an open-source middleware platform by the Cardano Foundation, adds another layer of optimism.

The initiative aims to bridge blockchain with traditional ERP systems, reinforcing ADA’s use case in enterprise environments.

In the short term, all eyes are on ADA’s ability to hold key support levels and break through resistance with conviction.

As technicals align with market sentiment, ADA may be setting up for one of its most important moves of the year.

While controversy continues to swirl around its founder, Cardano’s price action remains strong, reminding the market that, in crypto, fundamentals often speak louder than headlines.

The post ADA price jumps as Cardano founder Charles Hoskinson responds to scam allegations appeared first on CoinJournal.

ADA price jumps as Cardano founder Charles Hoskinson responds to scam allegations

Source: https://coinjournal.net/news/ada-price-jumps-as-cardano-founder-charles-hoskinson-responds-to-scam-allegations/

Cardano has taken a major leap in the decentralized finance world with the launch of its first Bitcoin DeFi protocol, Cardinal, triggering a sharp rise in the price and trading volume of ADA.

The Bitcoin DeFi protocol was first unveiled by Charles Hoskinson, the founder of Cardano, during the Bitcoin 2025 conference, where a live demo showcased a bridgeless BTC-to-Cardano transaction using the new system. The protocol is now live.

Cardano founder Charles Hoskinson has announced the launch of Cardinal, the first Bitcoin DeFi protocol on the Cardano network. The protocol leverages MuSig2 multi-signature technology to enable non-custodial cross-chain functionality, allowing users to directly use Bitcoin UTXOs…

— Wu Blockchain (@WuBlockchain) June 10, 2025

The news quickly rippled through the market, lifting ADA’s price by nearly 4% within 24 hours and pushing its trading volume to over $700 million, according to DefiLlama and market tracking data.

Adding fuel to ADA’s bullish momentum is its recent inclusion in the Nasdaq cryptocurrency index, something that is driving institutional interest.

Cardinal brings Bitcoin to Cardano’s DeFi ecosystem

For the first time, Bitcoin holders can now access decentralized finance services on Cardano without going through centralized custodians or third-party bridges.

Developed by Input Output (IOHK), Cardinal wraps Bitcoin’s unspent transaction outputs (UTXOs) into pegged tokens that users can stake, lend, or borrow while retaining full control over their assets.

The protocol employs the MuSig2 multi-signature scheme to handle peg-in and peg-out processes securely, ensuring the original Bitcoin remains locked on its native blockchain.

Because of this trust-minimized design, Cardinal is seen as a major innovation compared to traditional wrapped Bitcoin solutions that depend heavily on custodial infrastructure.

Wrapped UTXOs and cross-chain compatibility

What sets Cardinal apart is its ability to handle Wrapped UTXOs in a manner that remains transparent and secure while offering flexibility in how users reclaim their native Bitcoin or Ordinals.

These wrapped tokens are not only pegged 1:1 with BTC, but they can also be burned at any time by users to retrieve their original assets through a verifiable process.

Cardinal also uses BitVMX, an off-chain execution system, to bridge Bitcoin’s scripting limitations and enable interactions with Cardano’s smart contracts.

Furthermore, this approach facilitates compatibility with other blockchains such as Ethereum, Solana, and Avalanche, expanding the reach of Bitcoin within multi-chain DeFi environments.

Cardano DeFi platforms are already adopting Cardinal

Major Cardano-based DeFi platforms including MinswapDEX, SundaeSwap, and Fluid Tokens have already integrated Cardinal, giving users the ability to farm, lend, and trade Bitcoin-linked assets directly.

With this integration, Bitcoin can now be used as collateral, traded for other native tokens, or even employed in NFT and Ordinal markets without compromising security or history.

Technical director Romain Pellerin emphasized that while Cardinal is already transformative, future upgrades will focus on wallet integration, zero-knowledge proofs, and increased liquidity.

These enhancements are expected to deepen the protocol’s appeal and strengthen Cardano’s position in the broader DeFi landscape.

The post ADA price jumps as Cardano launches first Bitcoin DeFi protocol appeared first on CoinJournal.

ADA price jumps as Cardano launches first Bitcoin DeFi protocol

Source: https://coinjournal.net/news/ada-price-jumps-as-cardano-launches-first-bitcoin-defi-protocol/

Cardano (ADA) has recorded an 11% monthly gain so far in May, buoyed by a technical bounce from the $0.72 support level.

However, underlying market indicators raise caution.

Despite recent bullish momentum, ADA continues to struggle within a tight trading range and faces potential bearish pressure from weakening derivatives data.

At the time of writing, ADA is priced at $0.7677, reflecting a minor 0.04% decline over the last 24 hours.

On the 4-hour chart, ADA rebounded from the 200-period exponential moving average (EMA) at $0.74, climbing toward a short-term resistance level of $0.7745.

This movement marks the latest attempt to retest the $0.84 resistance zone, which Cardano last approached on 13 May and 23 May.

Yet, the upside move has been met with hesitation.

The token remains stuck between the key $0.72 and $0.77 levels — a range that analysts are closely monitoring as a “no-trade zone” due to limited directional clarity.

Mixed technical signals

Currently, ADA is consolidating above the 200-day EMA, with the moving average structure offering some near-term support.

The MACD indicator has formed a bullish crossover, further confirmed by positive histogram bars.

This setup suggests that buyers still maintain some control over short-term price action.

However, not all technical signals are aligned. A bearish crossover between the 50- and 100-day EMAs is beginning to form.

If ADA breaks below the 200-day EMA, this crossover could result in a “death cross” scenario — a historically bearish technical pattern that often signals extended declines.

Cardano’s ability to maintain momentum will likely depend on whether it can break through the $0.77 resistance barrier.

A successful breach could lead to a rally back toward the $0.84 level.

In contrast, failure to hold above $0.72 could see ADA retesting longer-term support near $0.70.

Derivatives data weakens

While spot prices hold firm, data from the derivatives market presents a less optimistic view.

According to CoinGlass, open interest in ADA futures contracts has declined 0.43% to $920.12 million.

This declining activity in the derivatives space reflects weakening trader interest and reduces the likelihood of a strong breakout.

It also indicates that large speculative positions are being trimmed or closed, a trend that often leads to price consolidation or short-term reversals.

ADA at a critical level

Cardano’s price action now depends on whether it can decisively break out of its current range.

While there is potential for a move back to $0.84 if bulls regain momentum, current market dynamics suggest ADA could remain range-bound or even experience renewed selling pressure.

Volatility in the broader crypto market has also contributed to ADA’s stagnation.

Bitcoin is currently holding near the $109,000 level, and major altcoins are consolidating after strong April rallies.

Without a strong catalyst, Cardano may struggle to attract fresh inflows in the short term.

As of now, ADA remains in a technical holding pattern, with both bullish and bearish scenarios in play.

The next few trading sessions will be critical in determining whether Cardano can reclaim its March highs — or face another leg lower.

The post Cardano gains 11% in May, but weak derivatives data hint at looming pullback appeared first on CoinJournal.

Cardano gains 11% in May, but weak derivatives data hint at looming pullback

Source: https://coinjournal.net/news/cardano-gains-11-in-may-but-weak-derivatives-data-hint-at-looming-pullback/

Cardano (ADA) is gaining renewed market traction, with its price rising 3.87% in 24 hours to $0.66.

This uptick comes amid broader market consolidation, positioning ADA among the top-performing altcoins of the day.

Source: CoinMarketCap

Backed by sustained developer activity, new integrations, and a robust roadmap, Cardano is once again drawing investor attention.

With key upgrades in the pipeline and Fiat Utility expanding, ADA’s long-term price projections suggest consistent growth through to 2030.

Analysts remain divided on short-term resistance levels, but overall sentiment leans optimistic as the altcoin season approaches and network improvements continue to roll out.

Strong on-chain activity and higher developer engagement levels further contribute to the case for Cardano’s price recovery.

ADA gains real-world utility

Cardano’s recent integration with Mastercard and crypto exchange Kraken now allows ADA to convert directly to fiat at millions of retail outlets.

This gives the token real-world spendability, which enhances its practical use case compared to many altcoins.

The network continues to focus on compliance and institutional readiness, aided by the long-awaited Leios upgrade, which is expected to significantly improve scalability.

The upgrade, in development for over six years, addresses throughput limitations and strengthens Cardano’s position in the broader blockchain ecosystem.

May 2025 price setup

On the technical side, ADA is trading above its 9-day simple moving average.

The RSI sits near 58, suggesting modest bullish momentum without nearing overbought conditions. A small ascending triangle pattern is forming on the charts, hinting at a possible breakout.

Resistance sits at $0.78. If that barrier is breached, ADA could retest the $0.80 mark in May. On the downside, $0.67 provides short-term support.

A drop below this could push the price back to $0.62. Current analysis suggests an average trading range between $0.70 and $0.75 for the month.

Long-term targets to 2030

Cardano’s projected growth through 2025 and beyond is underpinned by its roadmap and rising adoption.

For 2025, ADA could climb as high as $1.4045, with an average price of $0.8778.

A more conservative view puts the lower bound around $0.3511.

In 2026, the token may trade between $2.76 and $3.30, with the average pegged at $3.03.

By 2027, ADA could reach a high of $5.03. In 2028 and 2029, average prices are forecast to hit $5.51 and $7.235, respectively.

Looking ahead to 2030, Cardano is expected to reach between $9.12 and $10.32.

These forecasts assume successful implementation of the Leios upgrade, increasing adoption, and favourable market conditions.

Continued ecosystem development, such as DeFi growth and new partnerships, may also serve as catalysts.

Analyst estimates vary

Forecasts from leading platforms present a wide range of targets.

Changelly predicts ADA could hit $1.12 in 2025, while Coincodex sees a higher upside at $2.23.

Binance’s estimate is more modest at $0.93.

Each platform uses different assumptions, from technical indicators to adoption timelines, explaining the variation.

However, most forecasts suggest a steady upward trajectory.

The post Cardano price forecast 2025–2030: Is ADA set to surpass $10 by the end of the decade? appeared first on CoinJournal.

Cardano price forecast 2025–2030: Is ADA set to surpass $10 by the end of the decade?

Source: https://coinjournal.net/news/cardano-price-forecast-2025-2030-is-ada-set-to-surpass-10-by-the-end-of-the-decade/