Cardano (ADA) is actively trading in the market, while an independent audit confirms transparency in token usage.
Current State of ADA Price
Currently, ADA is trading at $0.8162 after a daily decline of 2.44%. The price remains within a descending wedge on the 4-hour chart, which may indicate bullish signals if it breaks above the upper trendline.
Support and Resistance Levels for ADA
ADA is facing resistance between $0.85 and $0.86, coinciding with the wedge’s upper boundary and the Ichimoku cloud. A breakout above this zone could lead to a price increase towards $0.90–$0.92, suggesting a possible 10% upside. Key support is situated between $0.80 and $0.82, and a rejection from current levels may push the price down to retest this support.
Audit Findings of the ADA Voucher Program
Cardano founder Charles Hoskinson has been cleared of wrongdoing following an independent audit of the ADA Voucher Program conducted by McDermott, Will & Schulte, and BDO. The audit confirmed that 99.7% of 14,282 ADA vouchers were redeemed properly, with no evidence of fund misuse or manipulation.
The current ADA price situation highlights crucial support and resistance levels, while audit results enhance trust in the Cardano project.
