The price of Cardano stabilized on Sunday as traders waited for more information about Charles Hoskinson VIP meeting.
The Cardano token was trading at $ 0.6610 on Sunday, which was 15% above the lowest level last week.
There was a highly hypnotized meeting between Hawkinson and a VIP for Cardano. There was speculation that he would meet the government’s efficiency or the head of the Dogi department with President Donald Trump or Elon Musk.
After sending an X post with Hosinson’s meeting with Trump, he claimed with Rose that he would recall the Ath Danver event for a visit to Florida. Trump traveled to Mar-e-Lago in Florida after his stressful meeting with Vladimir Zelansky.
Hoskinson has not updated about his meeting, what was discussed, and how it would benefit Cardano. He clarified that he was not going to be appointed in a crypto-related role in the government, Add,
“I will not comment on the subject again until I have certain and tangible news that is relevant to the legislative process to get new laws on books that enable the industry to survive and flourish in the United States.”
Cardano fans hoped that the VIP meeting would get adequate results. For example, many people are pushing musk to embrace the network as it tries to transfer major government functions in the blockchain. They quote cardano as a med-in-USA network with 100% uptime and rapid transaction speed.
Cardano value forecast
The daily chart shows that the ADA price reached $ 1.328 in November last year, and has increased to $ 0.068. It has formed a death cross pattern as 200-day and 50-day weighted moving averages.
The individual value remains below the oscillator zero line, while the relative power index has formed a ascending channel.
On the positive side, the Cardano Price has formed a falling wedge pattern, a popular rapid sign. It has also moved to 61.8% of the retracement point, where most of the assets turn back.
Therefore, Cardano’s approach is neutral, a rapid breakout is being confirmed if it increases $ 0.789, 50-day moving average and 50% above retracement point. A drop below support at $ 0.515 will point to the more negative side.
