The Cardano audit report completely clarifies the allegations of fund misuse, and Hoskinson demands an apology! The technical indicators for ADA show bullish signals, with a target of $1.05.
After several months of independent auditing, it has been confirmed that the allegations of fund misuse against Cardano and its founder Charles Hoskinson have no factual basis. The 128-page audit report, jointly completed by international law firm McDermott Will & Schulte and auditing firm BDO, shows that 99.7% of ADA tokens have been successfully redeemed through the voucher program, and the so-called "missing 318 million ADA" actually refers to unredeemed tokens transferred to reserves after the end of the Byron era. Meanwhile, the technical outlook for ADA is bullish, with the current price of $0.84 holding above the 50-day and 200-day moving averages. If it breaks the resistance at $0.95, the next target will be $1.05.
The audit report thoroughly clarifies the allegations, Hoskinson responds strongly.
In response to a series of allegations that have been brewing in the community since 2023—including that Cardano insiders diverted tokens, employed fraudulent sales tactics, and that Charles Hoskinson himself "manipulated the ledger with the genesis key to control 619 million ADA" during the Allegra hard fork in 2021—law firm McDermott Will & Schulte conducted an independent investigation for several months in collaboration with audit firm BDO and published a 128-page audit report. The report's conclusion clearly states:
All allegations lack factual basis, and the ADA certificate program is executed in full accordance with the agreed terms;
14,282 vouchers (accounting for 99.7% of the total allocation) have been successfully redeemed on-chain;
The so-called "missing 318 million ADA" actually refers to unredeemed tokens, which have been transferred to reserves as per the procedure, and there is a special "Post-Sweep Redemption Project" to handle the remaining exchanges;
The sales process has a misleading prevention mechanism and investigations have been conducted on non-compliant distributors.
Cardano founder Charles Hoskinson immediately responded after the report was released, stating "waiting for the tide of apologies to come in" and emphasizing that the audit results not only cleared his personal name but also confirmed that Cardano is "one of the projects with the highest transparency in the blockchain field."
Technical Analysis: Multiple indicators support bullish trend, key resistance at 0.95 USD
ADA is currently reported at 0.84 USD, above the key moving average support:
50-day Simple Moving Average (SMA): 0.83 USD
200 Day SMA: 0.73 USD
Technical indicators show a neutral to bullish signal:
RSI reading 50.15, in the neutral range, there is upward potential;
The MACD histogram is -0.0082, indicating that bearish momentum is weakening and is approaching a golden cross;
The Stochastic indicator is at 32.71 (%K), recovering from the oversold area, which usually indicates a price rebound;
Bollinger Band analysis shows the price is at a bandwidth position of 0.36, with ample room to move up to the upper band at $0.95.
Market analysts generally believe that if ADA can break through $0.95 with volume (coinciding with the upper Bollinger Band), it may further test the psychological barrier of $1.00 and the target level of $1.05 (a rise of 25% from the current price).
Trading Strategies and Risk Management
The bullish scenario must meet the following conditions:
Daily trading volume remains above $80 million (current 24-hour trading volume is $69.7 million);
The overall cryptocurrency market remains stable, with Bitcoin holding key support.
Conservative traders can wait for the price to clearly break above $0.95 with increased volume before entering a position, while aggressive investors may consider buying in batches in the $0.82–$0.84 range, using the 50-day SMA ($0.83) as a stop-loss reference.
Bearish risks include:
Losing the support at $0.78 may trigger a drop towards $0.68 (a decline of 19%);
The 50-day SMA ($0.83) has been broken and the MACD is further weakening;
RSI fell below 40, increasing selling pressure.
Conclusion
The release of the audit report has completely cleared the long-term negative public opinion pressure for Cardano, and the USD stablecoin plan mentioned by Hoskinson may further boost ecological expectations. The technical outlook shows that ADA has short-term upward momentum, but close attention must be paid to volume coordination and changes in market sentiment. Investors may consider gradually building positions in the range of 0.82–0.84 USD, using 0.83 USD as a stop-loss reference, and if it breaks through 0.95 USD, the target looks towards 1.05 USD.
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The Cardano audit report completely clarifies the allegations of fund misuse, and Hoskinson demands an apology! The technical indicators for ADA show bullish signals, with a target of $1.05.
After several months of independent auditing, it has been confirmed that the allegations of fund misuse against Cardano and its founder Charles Hoskinson have no factual basis. The 128-page audit report, jointly completed by international law firm McDermott Will & Schulte and auditing firm BDO, shows that 99.7% of ADA tokens have been successfully redeemed through the voucher program, and the so-called "missing 318 million ADA" actually refers to unredeemed tokens transferred to reserves after the end of the Byron era. Meanwhile, the technical outlook for ADA is bullish, with the current price of $0.84 holding above the 50-day and 200-day moving averages. If it breaks the resistance at $0.95, the next target will be $1.05.
The audit report thoroughly clarifies the allegations, Hoskinson responds strongly.
In response to a series of allegations that have been brewing in the community since 2023—including that Cardano insiders diverted tokens, employed fraudulent sales tactics, and that Charles Hoskinson himself "manipulated the ledger with the genesis key to control 619 million ADA" during the Allegra hard fork in 2021—law firm McDermott Will & Schulte conducted an independent investigation for several months in collaboration with audit firm BDO and published a 128-page audit report. The report's conclusion clearly states:
Cardano founder Charles Hoskinson immediately responded after the report was released, stating "waiting for the tide of apologies to come in" and emphasizing that the audit results not only cleared his personal name but also confirmed that Cardano is "one of the projects with the highest transparency in the blockchain field."
Technical Analysis: Multiple indicators support bullish trend, key resistance at 0.95 USD
ADA is currently reported at 0.84 USD, above the key moving average support:
Technical indicators show a neutral to bullish signal:
Market analysts generally believe that if ADA can break through $0.95 with volume (coinciding with the upper Bollinger Band), it may further test the psychological barrier of $1.00 and the target level of $1.05 (a rise of 25% from the current price).
Trading Strategies and Risk Management
The bullish scenario must meet the following conditions:
Conservative traders can wait for the price to clearly break above $0.95 with increased volume before entering a position, while aggressive investors may consider buying in batches in the $0.82–$0.84 range, using the 50-day SMA ($0.83) as a stop-loss reference.
Bearish risks include:
Conclusion
The release of the audit report has completely cleared the long-term negative public opinion pressure for Cardano, and the USD stablecoin plan mentioned by Hoskinson may further boost ecological expectations. The technical outlook shows that ADA has short-term upward momentum, but close attention must be paid to volume coordination and changes in market sentiment. Investors may consider gradually building positions in the range of 0.82–0.84 USD, using 0.83 USD as a stop-loss reference, and if it breaks through 0.95 USD, the target looks towards 1.05 USD.