7
Cardano trades at $0.2488 on April 24, holding the 0.236 Fibonacci retracement level after a sharp pullback from the April 17 swing high at $0.2682, as Charles Hoskinson publicly stated his intention for $ADA to reach the top of CoinMarketCap from its current position at number 13.
Is $ADA Holding Or Breaking? What The Fib Levels Show Right Now
$ADA has been retracing from the April 17 swing high at $0.2682 through a clean Fibonacci grid, and price is currently sitting on the 0.236 level at $0.2474, the last meaningful support before the move is fully unwound. The 0.382 at $0.2514 already flipped from support to resistance after the April 18 breakdown, and a descending trendline from the peak is adding pressure from above near $0.2510.
Hold the 0.236 and $ADA has a base to work from. Lose it and the swing low at $0.2410 comes into view quickly.
Cardano Key levels for April 25:
- Swing low / base: $0.2410
- 0.236 Fib support: $0.2474
- 0.382 resistance: $0.2514
- 0.5 resistance: $0.2546
- 0.618 resistance: $0.2578
- 0.786 resistance: $0.2623
- April 17 high: $0.2682
Hoskinson Wants Number One. Cardano Is Currently Number 13
Charles Hoskinson said this week he wants $ADA to be the top-ranked asset on CoinMarketCap, adding there is no reason the project cannot achieve it with continued technology investment. $ADA currently sits at number 13. The gap is wide, but the comment lands against a backdrop of genuine development momentum.
Related: Pi Network Price Prediction: Protocol 22 Deadline Arrives April 27 As PI Trades Inside A Tightening Channel
Filecoin announced it is bringing verifiable durable storage to the Cardano ecosystem, with Hoskinson welcoming the project as one of the original players in decentralized storage. The integration adds infrastructure-level utility to Cardano at a time when the network is already leading all Layer 1 chains in all-time code commits, sitting at roughly 478,000 commits and an 8.9% share of total L1 development activity according to Everstake data. Cardano ranks above Ethereum in that specific metric, which reflects the pace and consistency of protocol-level building rather than short-term hype cycles.
The Lace wallet scam flagged this week is a separate issue worth noting for holders. Fraudulent versions of Cardano’s official Lace wallet appeared on both the Apple App Store and Google Play Store, designed to steal recovery phrases. The official Lace team issued an alert on April 21. Holders should verify any wallet app against official Cardano channels before downloading.
$ADA Derivatives: Longs Taking More Pain But OI Stays Firm
Volume and OI are both barely changed, down 1.15% and 1.12% respectively, so there is no panic in the positioning data. The long/short ratio at 0.7924 leans short, but Binance and OKX top traders are sitting long at ratios above 2.0 on both platforms.
Over 24 hours, longs took $126.54K in liquidations against $72.16K for shorts. Buyers are absorbing more pain, consistent with a market where recovery attempts keep getting sold. Current OI at $450.27M is a fraction of the late 2025 peak near $1.8B, leaving room for positioning to build significantly if the Fib support holds.
$ADA Price Prediction: April 25 Outlook
- Upside: $ADA holds the 0.236 Fib at $0.2474 and reclaims the 0.382 level at $0.2514, breaking back above the descending trendline from the April 17 peak. That sequence opens $0.2546 and $0.2578 as the next targets, with $0.2623 the level that would put the prior high back in range. Filecoin’s ecosystem entry and the ongoing development narrative give $ADA a fundamental backdrop to support a recovery if broader crypto sentiment stabilizes.
- Downside: The 0.236 Fib at $0.2474 breaks and $ADA pulls back toward the base of the Fibonacci range at $0.2410. Longs continuing to absorb more liquidations than shorts at current levels suggests buyers keep getting caught on failed bounces, and a clean break below $0.2474 on volume would accelerate that dynamic toward the swing low.
Related: Shiba Inu Price Prediction: Meme Sector Hits $34B But SHIB Stays Pinned Below Bollinger Midline
u.today
thecryptobasic.com
2