TLDR
- Ali Charts says Cardano’s $0.25 support has led to strong rebounds twice before.
- ADA now targets $0.36 if buyers keep defending the key $0.25 price floor.
- Flare CEO Hugo Philion questioned Cardano’s DeFi progress using fresh DeFiLlama TVL data.
- Charles Hoskinson rejected Philion’s remarks and called the exchange old-style attention seeking.
- Grayscale raised ADA exposure in its Smart Contract Fund, adding support to Cardano sentiment.
Cardano is again trading near a level watched closely by market analyst Ali Charts. He said $0.25 has acted as a key support zone for ADA before. The latest bounce has raised one main question for traders. Is this a fresh rally setup, or another trap?
ADA Tests $0.25 Support Again
Ali Charts said Cardano’s monthly chart shows $0.25 as a key floor. He noted that ADA bounced from this area in January 2023. That move later produced an 88.27% rally.
He also pointed to September 2023 as another key test. ADA held the same area then and later climbed 243%. Because of that, traders are watching the current move closely.
Ali Charts said ADA could move toward $0.36 if $0.25 holds. He also named $0.53 as a wider market target. However, he warned that losing $0.25 could open deeper downside.
“”As long as we hold this floor, I’m targeting a move back to $0.36,”” he said. “”If we fail to hold $0.25, it would signal a deeper regime change.”” His comments kept the focus on price action.
Flare CEO Questions Cardano’s DeFi Growth
The market debate grew after Flare CEO Hugo Philion compared Flare and Cardano. He cited DeFiLlama data showing Flare with $159 million in total value locked. Cardano was shown with $131 million.
Philion said Cardano launched in 2017, while Flare launched in 2023. He argued that Cardano had more time, yet weaker DeFi numbers. “”Cardano will not win BTC,”” Philion wrote.
Philion said Flare aims to build one DeFi layer for several assets. He named FXRP, FBTC, FXLM, real-world assets, and stablecoins. His comments drew a sharp reply from Charles Hoskinson.
Hoskinson dismissed the attack and called it old marketing. He said attacking Cardano for media attention was “so 2022.” Philion then said he was only posting figures from DeFiLlama.
Grayscale ADA Increase Adds Market Focus
At the same time, Grayscale raised its Cardano share in its Smart Contract Fund. Atrium Lab shared the update, while community member Dave tracked the changes. ADA’s share rose from 17.96% to 18.33%.
Ethereum’s share in the same fund was reduced by 1.06%. Cardano gained 0.37 percentage points in the reshuffle. The move gave ADA holders another point to watch.
The update came as Cardano also held above a broken downtrend line. ADA was reported above its 20 EMA at $0.2534. It was also above its 50 EMA at $0.2567.
Money flow remained weak but showed some improvement. CMF moved from -0.06 to -0.04. For now, ADA’s next move depends on whether $0.25 stays intact.
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