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Cardano trades at $0.1667 on July 10, up 0.24% and clinging to support after a week dominated by US-Iran volatility, a retirement rumor, and a public confrontation with the Ethereum Foundation.
Is $ADA Finding Support At The 20-Day EMA?
$ADA 1D Price Action (Source: TradingView)
The daily chart shows $ADA sitting just above the 20-day EMA at $0.1682, a level that has acted as the pivot point throughout this recovery from the June low near $0.14. Price dipped to $0.1656 intraday before recovering, and the RSI divergence tool shows a bullish signal still active at 47.44, the same pattern that formed at the June 23 bottom and preceded a 35% bounce.
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The 50-day EMA at $0.1835 is the next meaningful resistance, followed by the horizontal zone between $0.20 and $0.2141 on the 100-day EMA. Bears need $ADA below $0.1682 to push toward the 16-cent range that the broader channel structure points to.
What Are The Key Support And Resistance Levels For $ADA Today?
- Support at $0.1656 intraday low and $0.1500 below that
- Resistance at $0.1835 on the 50-day EMA, then $0.2141 on the 100-day
Did Hoskinson Really Retire From Cardano?
No. Hoskinson addressed the rumor directly in a video, calling it categorically untrue, a complete lie and a complete fabrication.
He noted the claim had spread widely enough that a London taxi driver told visiting Cardano supporters the founder was stepping away, and that a partner firm had passed the same rumor to their CEO. Hoskinson asked supporters to share the video as proof he remains fully involved in the ecosystem.
Why Is Hoskinson Accusing Ethereum Of Copying Cardano?
It's not like I've been literally working on this topic for over 10 years of my life and launched a cryptocurrency that was number three on coinmarketcap with millions of users to deploy it. It's literally a crime in the Ethereum inner circles to mention Cardano. EUTXO is the…
— Charles Hoskinson (@IOHK_Charles) July 7, 2026
Hoskinson criticized the Ethereum Foundation after Vitalik Buterin promoted his Lean Ethereum roadmap, which includes adopting UTXO-style mechanics for simpler payments. Hoskinson said on social media that it is “literally a crime in the Ethereum inner circles to mention Cardano” and that EUTXO is the biggest innovation in the smart contract world, accusing Ethereum developers of copying the model without acknowledgment after a decade of refusing to mention it publicly.
Cardano’s EUTXO model tracks funds as individual unspent outputs rather than running account balances, a design that improves predictability and security for smart contracts. Hoskinson’s argument is that Ethereum moving toward similar mechanics now validates what Cardano built years ago, even if Ethereum won’t say so. For Cardano holders, there’s a more bullish angle: if the world’s second-largest blockchain is heading toward EUTXO-style design, enterprises and institutions comparing options may end up looking harder at the network that already runs it in production.
What Is The Macro Picture For $ADA This Week?
US and Iranian forces exchanged fresh strikes late Wednesday, with Iran’s Revolutionary Guards targeting US military sites in Bahrain and Kuwait. Trump suggested Iran had reached out to negotiate, sending oil lower by roughly 1% and lifting stock futures.
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Crypto market volume dropped to $64B over 24 hours, an unusually quiet reading for a weekday, which tends to let leverage build without resolution until the next catalyst forces a directional move.
$ADA Price Prediction: Upside and Downside Targets
- Upside case: $ADA holds the 20-day EMA, US-Iran tensions ease further, and the RSI divergence plays out toward a retest of $0.1835 and then $0.2141.
- Downside case: The 20-day EMA breaks on renewed geopolitical selling, $ADA slips toward $0.16 and the lower end of its current range.
