Cardano Price Forecast as Charles Hoskinson Says He Is Not Retiring – ADA to Keep Going Higher?
Cardano price is holding above critical support in the wake of a widespread pullback in the cryptocurrency markets. The smart contracts token saw a V-shaped recovery after bulls stepped in at the $0.3350 support area.
ADA's uptrend saw its momentum weakened by resistance at $0.4200 over the weekend. If its immediate support at $0.4000 holds, investors can look forward to continuing Cardano's northbound quest, first to $0.50 and then to $1 in the coming weeks.
The founder of Cardano and the CEO of Input Output Hongkong (IOHK) said in a recent video that he is not ready to retire. According to the tech guru, who just turned 35, he will not be pushed out by the "hate" and "bile" spreading on social media.
"How many books can be written? How many horrible trolls can attack me? How many people can say and do terrible things every single day and attack everything from my knowledge to credentials to integrity to my weight? How many days can you take that," Hoskinson said in a heartfelt video.
Hoskinson added that it is "frustrating" to see people say wrong things about Cardano's progress. He assured his followers that he would not throw in the towel, especially when "there's something to win."
The ninth-largest cryptocurrency portrays a bullish short-term outlook that could build the foundation of a long-term positive trend. From the daily chart below, the Super Trend indicator has presented a buy signal, compelling both retail and sidelined investors to join the market for a significant upside move.
Like a moving average, the Super Trend indicator overlays the chart while taking into account insights from the average true range (ATR) to gauge market volatility. A daily close below the Cardano price flashes a buy signal, as observed
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