Cardano Price Eyes $0.92 Breakout After Hoskinson Audit
Cardano price holds near $0.82 after defending the $0.80–$0.78 support zone despite retail sentiment hitting a five-month low. On-chain data shows bearish sentiment at a 1.5:1 bullish-to-bearish ratio, but ADA has gained 5% in September as larger investors accumulate during dips.
Key resistance lies at $0.84–$0.85, with the 200-EMA at $0.92 marking a critical Fibonacci level for a breakout toward $1.00 and $1.15. A decisive push above $0.92 signals bullish momentum, while a drop below $0.78 risks a slide to $0.74 or $0.70. A TD Sequential buy signal further supports upside.
A forensic audit clearing founder Charles Hoskinson of misconduct has boosted confidence ahead of catalysts like the Midnight Network privacy layer and potential Bitcoin interoperability. Coupled with possible Fed rate cuts and regulatory clarity under the proposed Clarity Act, these developments underpin a bullish outlook for Cardano price in both the near and mid term.
Bullish
The cleared audit of Charles Hoskinson removes a major uncertainty, boosting confidence across the Cardano ecosystem. On-chain data shows institutional accumulation at bearish sentiment lows, and technical indicators like TD Sequential point to a buy signal. Key resistances at $0.84–$0.85 and the 200-EMA at $0.92 will dictate the next move, with catalysts such as the Midnight Network privacy layer, Bitcoin interoperability, potential Fed rate cuts, and the Clarity Act providing strong fundamental support. This combination of positive fundamentals and technical setup makes the outlook bullish in both the short and mid term.