Cardano’s ADA is holding near $0.50 after sliding almost -15% over the past week, a drop that has added to the cautious mood across the market.
The decline comes as founder Charles Hoskinson tries to lift sentiment and push back against what he sees as growing frustration in the space. In a post on X on November 16, he asked the community to keep things positive and “summon the gigachad bullrun we all deserve.”
Here's a hot take with some harsh truth in it. The crypto space isn't going to grow and thrive if every time someone posts something new and interesting, the first response is toxicity, negativity, cynicism, and criticism.
Years of lackluster price action have made an army of…
— Charles Hoskinson (@IOHK_Charles) November 16, 2025
Hoskinson also criticized the quick cynicism that often pops up whenever new ideas or proposals surface in crypto, saying the space has become too quick to dismiss progress. His remarks follow months of shaky confidence and heavy losses across major altcoins, where many projects continue to trade far below earlier highs.
New data from Galaxy Research shows how deep the pullback still runs. Seventy-two of the top 100 crypto assets trade more than 50% below their peak levels. It’s the kind of backdrop Hoskinson seems eager to challenge with a push for more confidence and steady progress.
He has made bold calls before. Earlier this year, he said Bitcoin could rise to $250,000 in the current cycle as bigger tech firms move into the market and regulation becomes clearer. It’s a forecast he has repeated several times this year, holding to a long-term bullish view despite the recent slide.
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Cardano Price Prediction: Could the $0.30 Zone Become ADA’s Next Major Support?
Cardano’s on-chain activity has softened, but its DeFi base is still active. As per DefiLlama data, the network’s total value locked sits around $211.14M, down about -8.4% in the past 24 hours.
Perpetual trading on Cardano remains light. Perp DEXs handled roughly $944,000 in volume over the last day and about $19.11M across the week. That weekly figure is down around 7.3%, showing slower participation.
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As per Coinglass data, ADA futures open interest is near $626.71M, and 24-hour futures volume is close to $1.76Bn.
Most traders are still choosing centralized venues for speculation, while on-chain perpetuals continue to see limited flow.
Cardano’s price continues to weaken, and the chart shared by analyst Ali Martinez shows ADA slipping through key support zones and moving toward a deeper demand area.
The 12-hour chart lays out a steady pattern of lower highs and lower lows, confirming a downtrend that has held since late summer.
ADA’s recent attempts to climb back into the $0.55–$0.60 range failed, and the rejection pushed the market toward mid-range levels.
The chart also shows ADA losing the $0.47–$0.50 band, which acted as support earlier in the year.
With momentum still pointing down and no firm bounce in sight, the next major support sits near $0.30. That level has triggered several strong reactions in past cycles.
Martinez says this zone could act as ADA’s next floor if selling pressure stays heavy. Until buyers return with clear strength, ADA remains exposed to further downside.
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