Cardano's (ADA) Value Indications Point Towards a Possible 25% Increase in Price by October
In the world of cryptocurrency, Cardano (ADA) has been making waves as the investigation into allegations against Input Output Global (IOG) has concluded. The law firm McDermott Will & Schulte and audit firm BDO conducted an extensive review, determining that the claims against IOG have no foundation.
This resolution may mark a significant milestone for Cardano, as it approaches key technical levels. The controversy, which emerged in May, had cast a shadow over the cryptocurrency. NFT artist Masato Alexander had alleged that Charles Hoskinson, the founder of Cardano, had unilaterally used his genesis keys to manipulate the Cardano ledger. Hoskinson vehemently denied these claims.
As of now, ADA is trading at $0.84, above the 50-day Simple Moving Average ($0.83). The MACD histogram for ADA stands at -0.0082, suggesting that bearish momentum may be waning. Interestingly, the Stochastic oscillator for ADA is at 32.71/%K, indicating that ADA is emerging from oversold conditions.
The crucial resistance level for ADA is $0.95, a level that could potentially be breached if the bullish scenario materializes. For this to happen, ADA needs sustained daily volume above 80 million and the Relative Strength Index (RSI) expansion to exceed 60. Moreover, the overall crypto market must maintain stability, and Bitcoin should hold above key support levels.
ADA is also well above the 200-day SMA ($0.73), demonstrating a long-term bullish trend. The RSI reading for ADA is currently 50.15, indicating neutral momentum with room for expansion.
A bullish scenario, however, could be challenged if ADA fails to hold the $0.78 support. Such a scenario could trigger a decline toward $0.68. It's important to note that ADA is positioned at 0.36 within the Bollinger Bands, indicating room for movement toward the upper band at $0.95.
Recent findings from a third-party forensic review of the ADA voucher redemption program have also been made public. According to the report, 97.3% of all vouchers, representing 98.8% of the ADA allocated, were redeemed on-chain during the Byron era. As of August 15, 2025, 99.2% of vouchers consisting of 99.7% of all ADA sold through the voucher program have been redeemed.
With the investigation concluded and the market conditions favourable, the price target for ADA over the next 4-6 weeks is $1.05, representing a 25% gain. Charles Hoskinson expressed relief at the findings, and the resolution of this controversy may indeed contribute to positive sentiment around ADA.
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