Key notes
- Cardano’s Charles Hoskinson joins a $200 million funding round backing American Bitcoin, a mining and AI infrastructure company linked to the Trump family.
- ADA price slipped 2% before stabilizing above $0.50 amid weaker demand, lower volumes and lower derivatives activity.
- Despite the near-term weakness, positioning data indicates traders are defending $0.50 support with a slightly bullish long/short ratio.
Cardano slipped 2% on Saturday (Nov. 15), before settling just above the $0.50 mark as investors absorbed the news of Charles Hoskinson’s strategic participation in American Bitcoin’s latest $200 million funding round. Hoskinson highlighted the company’s dual focus on large-scale Bitcoin mining and advanced AI infrastructure as the main rationale for its investment. In an article on X Saturday, Hoskinson emphasizes these factors, positioning the company for considerable long-term revenue streams.
Mining is a good business thanks to AI. Bitcoin mining pays for data center and infrastructure, AI absorbs them in 3-5 years. This team understands and will make a lot of money
– Charles Hoskinson (@IOHK_Charles) November 15, 2025
American Bitcoin, co-led by Eric Trump and Donald Trump Jr., previously secured a $220 million pre-IPO funding round in July, with Solari Capital contributing more than $100 million. The final lap continues this trajectory, drawing Hoskinson alongside Grant Cardone and Peter Diamandis.
Despite Anthony Scaramucci’s public break with Donald Trump, his son, AJ Scaramucci, structured Solari’s stake, reflecting capital flows increasingly detached from political narratives and focused on the accumulation of hard assets.
Cardano (ADA) Derivatives Market Analysis | Source: Coinglass
Yet, according to Coinglass data, ADA’s short-term reaction has been negative. Cardano fell to 14th place in terms of intraday demand, with volumes down 41% to $994 million. Open interest decreased 3% to $635 million, representing approximately $20 million of ADA futures positions closed over 24 hours. This contraction reflects traders’ reduced exposure amid volatility surrounding US political news cycles and Trump-related narratives around the US Bitcoin surge.
Still, a considerable number of Cardano traders are working to avoid a decisive breakdown below the critical $0.50 support level. ADA’s long/short ratio of 1.08 suggests that new long covering positions exceeded new short exposures on Saturday, potentially marking the formation of a price floor.
Cardano Price Forecast: Can ADA Hold $0.50 Support Amid Bearish Conditions?
ADA is trading at $0.5075 after a week-long decline that pushed prices toward the lower limit of its mid-November range.
The daily chart shows ADA trading firmly below the 50-day, 100-day, and 200-day moving averages at $0.6703, $0.7658, and $0.7344, respectively, reinforcing a well-established downtrend. Until ADA recovers at least the 50-day average, any upside attempt remains structurally limited.
Parabolic SAR points continue to print above the daily candles, confirming continued bearish pressure as sellers maintain control.
Cardano (ADA) Price Analysis | Source: TradingView
The RSI at 34.23 sits close to oversold territory but has yet to form a bullish divergence, suggesting that price could drift sideways or test lower support levels before a rebound attempt strengthens. The BBP at –0.0899 indicates that bearish pressure remains dominant and thwarts rebound attempts.
Market structure provides immediate support at $0.50, with a deeper pocket of liquidity near $0.47 if momentum weakens further. A daily close below $0.50 would expose ADA to a larger retracement towards $0.45.
However, if bulls maintain the current level and reclaim $0.53, ADA could attempt a recovery towards $0.60, close to the 50-day average.
For now, ADA is trading in a fragile zone where sentiment, macro narratives and positioning feeds converge. Traders appear determined to defend the psychological $0.50 floor, but without a surge in volume and a change in trend indicators, the upside outlook remains uncertain.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with experience supporting various Web3 startups and financial organizations. He completed his undergraduate degree in Economics and is currently studying for a Master’s degree in Blockchain and Distributed Ledger technologies at the University of Malta.
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