{"id":626016,"date":"2025-02-12T12:44:39","date_gmt":"2025-02-12T12:44:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626016"},"modified":"2025-02-12T12:44:39","modified_gmt":"2025-02-12T12:44:39","slug":"cardano-price-prediction-as-charles-hoskinson-hints-at-ada-microsoft-partnership-this-solana-layer-2-ico-closes-on-20m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-as-charles-hoskinson-hints-at-ada-microsoft-partnership-this-solana-layer-2-ico-closes-on-20m","title":{"rendered":"Cardano Price Prediction: As Charles Hoskinson Hints At ADA-Microsoft Partnership, This Solana Layer 2 ICO Closes On $20M"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Cardano price dropped 3% in the last 24 hours to trade at $0.7715 as of 02:45 a.m. EST on a 17% pump in trading volume to $1.3 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This retracement in the ADA price comes as Charles Hoskinson hinted that the Cardano ecosystem might collaborate with Microsoft just a day after a filing for an ADA ETF (exchange-traded fund) by Grayscale.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING NEWS:<\/p>\n<p>MICROSOFT IS COMING TO CARDANO, WILL CHARLES SIT WITH THEM ON MARCH 1ST?<a href=\"https:\/\/twitter.com\/IOHK_Charles?ref_src=twsrc%5Etfw\">@IOHK_Charles<\/a> reveals that <a href=\"https:\/\/twitter.com\/Microsoft?ref_src=twsrc%5Etfw\">@Microsoft<\/a> may partner with the cardano ecosystem soon just a day after the ADA ETF was filed in by <a href=\"https:\/\/twitter.com\/Grayscale?ref_src=twsrc%5Etfw\">@Grayscale<\/a><\/p>\n<p>Are you hyped for 2025? <a href=\"https:\/\/t.co\/W69uKVzhU2\">pic.twitter.com\/W69uKVzhU2<\/a><\/p>\n<p>&mdash; Mintern (@MinswapIntern) <a href=\"https:\/\/twitter.com\/MinswapIntern\/status\/1889267803884048674?ref_src=twsrc%5Etfw\">February 11, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">But what does it mean for the price of ADA?<\/span><\/p>\n<h2>Cardano Price Currently On A Bearish Trend<\/h2>\n<p><span style=\"font-weight: 400\">The ADA price action on the 3-day chart shows a clear downtrend following a significant rally. The chart exhibits a rounded top pattern, a classic reversal signal indicating that bullish momentum has exhausted and sellers are taking control.<\/span><\/p>\n<p><span style=\"font-weight: 400\">ADA has broken below the 50-period Simple Moving Average (SMA) on the 3-day chart and is approaching the 200-period SMA, which often serves as a key support level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A Fair Value Gap (FVG) is marked on the chart in the $0.32&ndash;$0.46 range, suggesting that the Cardano price may revisit this zone before attempting any potential recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) sits at 45.09, indicating that ADA is in a neutral zone but leaning toward a bearish sentiment. If the RSI drops below 40, it could signal an oversold condition, potentially leading to a short-term relief bounce.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is in negative territory, with the MACD line below the signal line, confirming a bearish crossover.&nbsp; <\/span><span style=\"font-weight: 400\">This suggests that downward momentum is still strong, and there is no sign of a bullish reversal yet.<\/span><\/p>\n<figure id=\"attachment_626018\" aria-describedby=\"caption-attachment-626018\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-626018\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-12_10-45-04.png\" alt=\"Cardano Price Chart Analysis. Source: GeckoTerminal\" width=\"1637\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-12_10-45-04.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-12_10-45-04-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-12_10-45-04-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-12_10-45-04-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ADA_2025-02-12_10-45-04-1536x634.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-626018\" class=\"wp-caption-text\">Cardano Price Chart Analysis. Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>ADA Price Prediction<\/h2>\n<p><span style=\"font-weight: 400\">Given the current market structure and technical indicators, ADA is likely to continue its decline towards the $0.32&ndash;$0.46 range, where a significant support zone exists.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 200-period SMA at $0.4994 may provide temporary relief, but if selling pressure persists, a further drop into the FVG region is possible.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For a bullish recovery, the Cardano token price would need to reclaim the 50-period SMA at $0.7361 and establish a higher low. In this scenario, the bulls could push the price of Cardano to the $1.15 resistance level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are buying a new Solana meme coin called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400\">Solaxy (SOLX)<\/span><\/a><span style=\"font-weight: 400\">, which popular YouTube channel 99Bitcoins, with over 724K subscribers, says has the potential to soar 100X post-launch.<\/span><\/p>\n<p><iframe title=\"BEST 3 Meme Coins to Buy Now Before 2025?! (New 100X Potential Crypto!?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7usUlycZEUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Solaxy Presale Closing On The $20 Million Milestone<\/h2>\n<p><span style=\"font-weight: 400\">Solana is best known for its high-speed and low-cost transactions, which has led to a massive meme coin frenzy over the past few years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite such traction, Solana has often experienced network outages and transaction failures, the latest being during the TRUMP and MELANIA coin launches last month.&nbsp; <\/span><span style=\"font-weight: 400\">These issues are a major headache for DeFi users, NFT enthusiasts, and meme coin traders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solaxy aims to solve these pain points by processing some transactions off the main chain. It then batch-submits transaction data back to Solana&rsquo;s layer-1, preventing network bottlenecks during peak times.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; Solaxy is now live in Upcoming Tokens! &#128680;<a href=\"https:\/\/twitter.com\/SOLAXYTOKEN?ref_src=twsrc%5Etfw\">@SOLAXYTOKEN<\/a> gives holders an opportunity to join the first-ever Solana Layer 2 blockchain. <\/p>\n<p>Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.&hellip; <a href=\"https:\/\/t.co\/satNF6zFNF\">pic.twitter.com\/satNF6zFNF<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1869036158208147515?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Solaxy is the first layer-2 solution on Solana, and its ongoing presale just crossed $19.9 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, once launched, Solaxy will provide a platform where developers can build decentralized applications or launch new tokens without compromising (and possibly even improving) Solana&rsquo;s layer-1 capabilities.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solaxy also offers holders who stake the project&rsquo;s SOLX token a huge annual yield of 204%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001632 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buy SOLX here before a price hike in 18 hours to secure the best deal<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h3>Related News:<\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/web3-wallet-best-wallet-races-past-9-5m-in-presale-35-hours-left-to-lock-in-low-price\"><span style=\"font-weight: 400\">Web3 Wallet Best Wallet Races Past $9.5M In Presale<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/meme-coins-take-over-the-market-pushing-meme-index-to-the-forefront-of-investments\"><span style=\"font-weight: 400\">Meme Coins Take Over the Market, Pushing Meme Index<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/koma-inu-price-prediction-koma-surges-11-as-investors-turn-to-this-crypto-index-ico-offering-diversified-meme-coin-investing\"><span style=\"font-weight: 400\">KOMA Surges 11% As Investors Turn To This Crypto Index ICO<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":626026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-626016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Price Dips 3% As This SOL Layer-2 ICO Closes On $20M<\/title>\n<meta name=\"description\" content=\"The Cardano price dips 3% as Charles Hoskinson teases a potential Microsoft partnership, while this Solana layer-2 ICO nears $20M.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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