Cardano Price Prediction: Hoskinson Takes Governance Into His Own Hands as ADA Wedge Nears Its Limit
Price reclaimed the top of its descending channel after Fridays scare, which had briefly threatened a drop to the lowest levels since March. That bounce held, but the chart is not clean yet. The Parabolic SAR sits at $0.2635, well above current price, keeping the daily bias bearish. A retest of the 50-day moving average near $0.2538 is the next logical step if bulls maintain momentum through the week. Multiple Fair Value Gaps are stacked between $0.29 and $0.37, with Fibonacci confluence at the 0.5 level ($0.29245), 0.618 ($0.3094), and 0.705 ($0.3220). None of those matter unless ADA first clears $0.25 and reclaims $0.2754, which aligns with the 0.382 Fib and prior structure resistance. ADA Key levels for May 26:Resistance: $0.2500, $0.2635 (SAR), $0.2754 (0.382 Fib)Support: $0.2400 (wedge lower trendline), $0.2200 (macro floor) Cardanos Real Problem Right Now: Urgency, Not Fundamentals Criticism circulating this weekend called out Cardano‘s $128M TVL, $1.3M daily DEX volume, and 17,000 active addresses as proof the chain is overvalued at a $9B market cap. The TVL figure is misleading, Cardano’s staking model means locked value never shows up in standard TVL counts, and by staked assets alone it would rank among cryptos highest. The claim that Cardano has no