Cardano News Today: Cardano's Chain Split Sparks Debate Over PoS Resilience
- Cardano (ADA) faces a critical chain split on Nov. 21, exposing PoS vulnerabilities and disrupting exchanges like Coinbase for 14 hours. - Co-founder Charles Hoskinson blamed a disgruntled stake-pool operator, with FBI involvement, while emphasizing natural consensus restored network unity. - ADA's price fell to $0.39 from $0.47, trading below Ichimoku Cloud with bearish indicators (CMO -75.33) and key resistance at $0.75. - Despite 9.6% social dominance, weak altcoin season and Bitcoin dominance limit A
Cardano (ADA) is at a pivotal point as it attempts to regain its $1 liquidity area, a milestone that could either restore investor optimism or lead to further price consolidation. The asset has recently experienced heightened volatility, largely due to a notable chain split on Nov. 21, which has kept ADA trading within a narrow band. Bulls must overcome significant resistance to restore upward momentum. This disruption was caused by a purposely constructed transaction that took advantage of a long-standing vulnerability in the node software,
Although the chain split was resolved quickly, it
The Chande Momentum Oscillator (CMO) also signals a bearish outlook,
For ADA to challenge the $1 liquidity mark, it first needs to clear the $0.75 barrier and maintain levels above the cloud. A decisive breakout could bring in institutional investors and renew interest in Cardano’s ecosystem, especially as on-chain activity and social engagement remain high.
As the cryptocurrency market looks for direction amid macroeconomic uncertainties—such as Federal Reserve actions and inflation reports—Cardano’s future will depend on its ability to combine technical strength with community support. For now, the $0.75 level is the key battleground for bulls, and its outcome will be crucial for ADA’s trajectory in the months ahead.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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