TLDR
- ADA trades near $0.165, down 95% from its $3.09 all-time high set in September 2021
- ADA has fallen 53% so far in 2026 alone
- Hoskinson acknowledged “demons” holding Cardano back and called for a strategy change
- Derivatives data shows bearish sentiment, with a long-to-short ratio of 0.82 and negative funding rates
- Key resistance levels sit at $0.173, $0.195, and $0.231, with support at $0.150
Cardano founder Charles Hoskinson says the project’s “best days are ahead,” even as ADA trades 95% below its all-time high of $3.09, set in September 2021.
Hoskinson made the comment during a recent X AMA, responding directly to criticism over ADA’s prolonged price decline.
Surprise AMA 07-27-2026 https://t.co/agI4wNTRlQ
— Charles Hoskinson (@IOHK_Charles) July 27, 2026
ADA is currently trading at around $0.165. The token has dropped 53% in 2026 alone, and has been sliding for the past seven days after briefly touching just under $0.20 on July 5.
The pressure on Cardano goes beyond price. Governance disputes, builder shutdowns, and a canceled 2026 summit have all weighed on sentiment. Hoskinson stepped back from social media at one point before returning to address the backlash.
“I still do believe our best days are ahead of us, and I still do believe that we can succeed despite the demons we’ve let in. We just have to change the approach, and we just have to change the strategy,” Hoskinson said on X.
Hoskinson’s Funding Plan
Hoskinson has been pushing for a funding overhaul. He wants to clear a backlog of more than 600 million ADA in treasury requests.
The problem is a hard cap. Cardano’s treasury only allows 350 million ADA in net funding changes at one time, well below what builders are requesting.
His proposed fix is to spread development across more independent companies, rather than relying heavily on his own firm, Input Output Global.
He argues that network security and utility — not short-term speculation — are what drive ADA’s price over time.
What the Charts Show
Derivatives data points to bearish sentiment. CoinGlass shows ADA’s long-to-short ratio at 0.82, near a one-month low. A ratio below one means more traders are betting on a price drop.
Funding rates flipped negative on Sunday, reading -0.008 on Monday. This means shorts are paying longs, another bearish signal.
ADA is trading below its 50-day, 100-day, and 200-day EMAs, which are clustered between $0.180 and $0.270.
The RSI sits around 47, just below neutral, suggesting weak momentum. The MACD shows only modest recovery attempts within the broader downtrend.
$ADA is printing a potential inverse head and shoulders formation on the daily chart
If the pattern confirms a breakout above the neckline could send $ADA straight back toward the $0.24 resistance zone pic.twitter.com/70xk86a4O9
— Token Talk (@TokenTalk3x) July 24, 2026
Analyst Token Talk flagged a potential inverse head and shoulders pattern forming on the daily chart. They noted that a breakout above the neckline could push ADA back toward the $0.24 resistance zone.
Immediate support sits at $0.150, with the next level down near $0.137. ADA’s funding rate read -0.008 on Monday.
