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Cardano ADA tests 50-day SMA at $0.50 as Hoskinson proposes XRP DeFi summit
Cardano (ADA) rebounded above its 20-day EMA, and CryptoCeek says a clean move past the 50-day SMA at $0.50 could pivot price action from consolidation toward $0.60–$0.70. The analyst also warns that a rejection near $0.50 may force a drop back below the 20-day EMA. Separately, Charles Hoskinson proposed an XRP-focused DeFi summit at the University of Edinburgh.