Cardano contains key support Adid Ada attached claims

In spite of the recent recent statement of embezzlement, Cardano is held by a company with a support from $ 0.74.

In the last 24 hours, the token increased by 1.4%, although it remains 5.6% over the past week. With a 24-hour trading volume of $ 856 million, from the previous day since the previous day, market activity slowed, but it remains constant. Cardano (Ada) Remains far from its all times in the amount of $ 3.09, set in September 2021. years, it is located almost 75% lower today.

Recent development comes in the shadow of serious allegations against the founders of Cardano, Charles Hoskinson, who came under fire after the accused had accused that he wrote down access to Cardano network. Receivables, made by NFT Artist Masato Alexander, 7. Maja, during which Hosksinson used a privileged approach to start about 318 million Ada, at that time 2021. year on the hard fork 2021. years.

Alexander pointed the process in two steps involved erasing an unexpected Ada from 2017. years and using a special launch of the instantialize award under control of Hoskinson, or input-exit global, the company behind Cardan.

He also questioned the transparency of these movements, pointing out that only a small amount, approximately $ 7 million, formally awarded the Cardano Administration group. Alexander compared the incident to Etherum gave Hack, but he claimed that Cardano lacked the same level of community monitoring.

Hoskinson died strongly by claims, calling them false and damaged. He stated that over 99.8% of Ada from the sale of Token 2017. years redeemed, and the remaining non-pay funds, about 18 to 24 million ads, were later donated to intersect.

According to Hoskinson, the transaction in October 2021. year was part of the automated process to prevent unusable tokens from becoming unusable. He also promised a complete revision of the Treasury transactions to publish it to Cardano Foundation.

After the return circuit, Hoskinson said “deeply injured” was in the reaction of the community and would probably be deviated from social media.

In spite of the controversy, technical indicators point to Ada will be in consolidation Currently phase. At 51.7, the relative strength index indicates neutral momentum. The MACD has a negative crossover and a small growth pressure, which makes it a little bear.

Looking at the average, 10-day and 20-day EMAS and SMAS are currently acting as resistance, proposing short-term sales pressure. Long-term support are offered 30-, 50-20- and 200-day average average, which continue to move upwards.

The key to stopping additional losses can lie in Ada’s ability to maintain its position above its 100-day Emma, ​​which is $ 0.73. Ada can move toward $ 0.78 or senior If the bulls are resembled 10-day Emma near $ 0.76.

If current support levels are not maintained, price can fall below $ 0.72 and possibly reach $ 0.70 or as much as $ 0.68. Both sides are currently waiting for the catalyst, so the appearance is neutral.