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Ahmed Barakat
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Charles Hoskinson is repositioning AI agents as core infrastructure for Cardano, rather than a side experiment. ADA is trading at around $0.160, down 1% over 24 hours, a modest downtrend tracking the broader market rather than any Cardano-specific catalyst.
The question traders are actually asking is: Does Midnight City’s development translate into price, or does it remain a roadmap story while ADA moves sideways?
Hoskinson recently defended Cardano’s use of an artificial AI factor in I/O calculations after community pushback, calling it a deliberate public experiment rather than a bug.
He also pointed to OpenClaw, an open source proxy project that is quickly gaining traction, as evidence of where this is headed.
“We’re going to need agents and artificial intelligence to be able to organize and sort all of this and broadcast what’s happening in Midnight City on a regular basis.” He said directly.
This is not just a look, it is a call for infrastructure. The Van Rossem hard fork is in the background as a secondary technical catalyst, and Hoskinson’s broader mode of governance We’ve been building toward this moment for months.
Can Cardano price break $0.17 before the next hard fork?
ADA sits at $0.1602 on the daily chart, and this is one of the most punishing downtrends in the large-cap space, with the price collapsing from over $1.00 at the August peak to current levels, a loss of nearly 84% over 10 straight months with barely any meaningful relief along the way.
The recent breakdown below $0.20 in early June was the latest drop, taking the ADA to new lows around $0.155 before a slight bounce back to current levels, and the $0.155 area is now the only reference point for support on this entire chart.
The RSI at 31 shows that selling pressure has been ongoing without ever reaching the type of oversold capitulation readings that typically indicate a permanent bottom, suggesting that this slippage has been controlled in the distribution rather than panic selling, and this type of grind could continue for longer than expected.
Immediate resistance is $0.20, a floor that was just broken and will need to be reclaimed to indicate any stability, and above that $0.25 to $0.27 is the next level of the May consolidation range.
There is no real structural support below the current ADA price until much lower levels from 2023, so a continued collapse will only slow it down.
Ten months of lower highs and lower lows with no sign of a base building makes this one of the weaker charts in the space right now, and a bounce here would need real volume and multi-week hold above $0.20 before it would mean anything more than a dead cat bounce in a still active downtrend.
The smart money is moving from old, dying chains to shiny new memes like Maxi Doji
ADA’s upside from here is mathematically compressed in the near term. Even a bullish scenario would require a hard fork and a broader altcoin cycle to materialize.
Traders who watch the early layers break through resistance sometimes switch to assets at an early stage where the risk and reward calculations look different. This is the structural logic behind pre-sale positioning, for those who customize this way.
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