Cardano is currently trading at $0.2483, continuing its decline below all major exponential moving averages, maintaining a short-term bearish trend. The pair is currently below the 50-day exponential moving average at $0.2585, while the 100-day EMA at $0.2795 and the 200-day EMA at $0.3567 reinforce a multi-layered price ceiling.

The expected downward resistance line around $0.2855 supports the broader corrective structure, while the Relative Strength Index (RSI) at 42 on the daily chart indicates only slight downward pressure due to the absence of oversold conditions. The Moving Average Convergence Divergence (MACD) has further declined into negative territory on the same chart, with a bearish trend suggesting continued selling interest during upward moves.

Daily chart of ADA/USDT pair

On the bullish side, initial resistance is at the 50-day EMA around $0.2585. Immediate pressure relief requires a daily close above this barrier. Subsequently, the 100-day EMA at $0.2795 converges with the downward resistance line near $0.2855, forming a larger supply zone, before the 200-day EMA at $0.3567, which still defines the medium-term bearish outlook. Continued decline would expose demand at $0.2400, with a potential for larger losses to retest the support level at $0.2200, tested in early February.
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Before00zero2026-05-21 17:58:30

- Cardano is seeking new funding of $6 million.
A proposal named Cardano Critical Integrations V2 has been submitted. This is a new proposal requesting 23 million ADA worth approximately $6 million USD at the current market price, on the blockchain, paving the way for governance voting.

The proposal covers two years of costs for maintaining and enhancing integrations with Circle’s USDC stablecoin, LayerZero (ZRO), Pyth Network (PYTH), and providing native support for Fireblocks.

The major ecosystem entities, including the Cardano Foundation (CF), Input Output (IO) and Emurgo and Midnight, submitted the proposal jointly with Intersect as the administrative body.

However, the community on X is expressing doubts, as some decentralized representatives (dReps) plan to vote against the proposal, citing incomplete outputs from the first release, overspending without measurable results, and calling for unused funds to be refunded before approving the next round of funding.

Charles Hoskinson, co-founder of the Cardano network, urged network representatives (dReps) to support the proposal, stressing that it is essential for the continued presence of researchers and scientists on the network. Hoskinson’s remarks come amid reports that some Japanese network representatives are voting against the proposal.

" We cannot allow this achievement to be shattered and dismantled due to partial funding support. Our scientists will simply leave for places that offer them more certainty and respect. We ask you to delegate this mission to network representatives who support Cardano’s research agenda," Hoskinson wrote on the X platform.
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