Why Cardano’s $700M Leverage Party Ignores Charles Hoskinson’s Trump “No Thanks”

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Cardano’s price is just chilling slightly above $0.62 this fine Sunday, down a casual 0.7%. But don’t panic—derivatives traders seem more interested in flexing some serious muscle than freaking out over Charles Hoskinson’s recent “no deal” vibes with Trump. Drama? Meh. 🚀

Cardano Bulls Cozy Up Near $0.60, While Charles Shrugs Off Trump Connections

Despite being the crypto version of the wallflower at the White House party, ADA is holding strong above $0.60 like it’s got a secret stash of Red Bull. Charles Hoskinson, the guy who basically built this spaceship, downplayed the whole Trump hookup, as if politics were just last season’s fashion. Spoiler: they’re not. 📉➡️🚀

Charles Hoskinson Interview

Excluded from the crypto summit but apparently not sulking, Charles made it clear: “I don’t need to make a deal with Trump.” Translation: Cardano’s playing hard to get. Meanwhile, others like Coinbase and MicroStrategy got their Trump handshakes. Guess Charles isn’t too fussed about photo ops—long-term impact > short-term selfies. 📸✌️

Did Trump Forget Cardano on His Crypto List? Spoiler Alert: Yep.

Trump listed ADA in his March 2025 crypto stash plan, lighting up hope like a Jack-o’-lantern. But by April, other crypto projects had cozy chats with political influencers while Cardano got ghosted. Ouch. Charles, unfazed, reminds us all that political pap is more glitter than gold.

Contrast that with Trump-backed WLFI rolling out a $1 stablecoin and dropping cash on Tron and Chainlink like it’s Black Friday. Meanwhile, ADA fans are left wondering if their beloved blockchain was just “that one friend who didn’t get invited.”

$700M in Cardano Derivatives: Bulls Like Their Coffee Strong and Leveraged

Politics aside, traders are screaming “hold my coffee” with an 8.62% surge to $716 million in ADA derivatives volume. Open interest creeps up too—because why not bet big when things feel spicy? 🤑

ADA Trading Volume Chart

Despite a tiny dip in spot prices (~1.2%), bulls are clinging to that $0.60 line like it’s their Wi-Fi signal. Binance’s long vs. short ratio is 2.19, and OKX is at a go-big-or-go-home 2.62. That’s more “longs” than a shampoo commercial. Basically, everyone’s betting that ADA’s either about to launch or crash spectacularly—no middle ground here.

Cardano’s Price: The Week Ahead or How to Play ADA Like a Pro

If the bulls can hold the $0.60 fort, they might just build momentum enough to crash through $0.65 and maybe flirt with $0.70. But if they slip? Then brace for impact, as ADA may tumble toward $0.55 faster than you can say “crypto winter.”

Technicals Say: Bulls Are Eyeing $0.65 While Acting Very Chill Around $0.60

Currently, ADA is doing the price equivalent of pacing nervously at $0.62, with the 4-day SMA playing “you shall not pass” just above. The long-term trend? Yeah, not exactly waving pom-poms—it’s hanging out near $0.71, reminding us that the bigger picture is still a bit gloomy.

The Bollinger Band Percent is basically whispering “hold your breath” at -0.0088. Volatility is cuddled up in a blanket, which often means we’re moments away from either fireworks or a soft yawn. Volume clocks in at a muted 46.4 million, so maybe traders are just quietly plotting world domination under the radar. 🤫

ADA Bollinger Bands Chart

If the bulls pull their act together and keep $0.60 from crumbling, ADA could well stab its fork into $0.65’s buffet line. Meanwhile, Bitcoin is hovering above $83K like it’s the reliable friend who always shows up—offering at least some positive vibes for ADA’s week ahead.

Fail to hold $0.60, though, and get ready for a domino effect of liquidations that could send ADA prices tumbling faster than your phone battery from 100% to 1% in 30 minutes.

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2025-04-21 00:43