Cardano Creator Absent from Crypto Summit: Is a Further Decline from 26.9% Expected This Week?

Cardano (ADA) is facing challenges in its recovery, trading around $0.798, following a 26.9% drop over the past week. This latest decline coincides with the absence of Cardano’s co-founder, Charles Hoskinson, from the White House Crypto Summit on March 7, raising concerns regarding ADA’s role in regulatory discussions.

Cardano co-founder Charles Hoskinson was not invited to the White House crypto summit.
-> Neither he nor Cardano have participated in political discussions. pic.twitter.com/jPaKhm9sFk

— MocroMoon (@MocroMoon) March 6, 2025

His absence has ignited discussions within the crypto community. Some analysts suggest that Cardano’s omission from significant policy conversations indicates a shift in influence, raising concerns about ADA’s position in the larger market landscape.

BREAKING NEW
XRP SOL ADA WILL NOT
BE IN THE CRYPTO STRATEGIC RESERVE!!
IT WAS AN ENTIRE RUG PULL,
That is why he talked about BTC n ETH collectively
The remainder are shit cash. https://t.co/stBNefbT6o

— Maximus Anonymus (@MaximusInvestor) March 6, 2025

Adding to the uncertainty, a White House representative retracted a statement that initially suggested ADA, XRP, and Solana (SOL) were included in a proposed U.S. crypto reserve initiative. This reversal has contributed to market fluctuations, leaving investors questioning ADA’s role in forthcoming regulatory decisions.

Is Hoskinson’s Exclusion a Warning Sign for Cardano Investors?

The decision to exclude Hoskinson from the Crypto Summit has prompted speculation regarding Cardano’s significance in influencing crypto policy.

Some industry experts contend that projects with stronger institutional connections were favored, while others perceive it as a broader disconnect between regulators and emerging blockchain initiatives.

• Hoskinson was not invited to the White House Crypto Summit, raising concerns about Cardano’s influence.
• Market sentiment remains cautious, with ADA struggling to recover lost ground.
• Despite the uncertainty, Cardano’s technology and community continue to be robust, supporting long-term potential.

While this exclusion alone does not serve as a sell signal, it underscores regulatory ambiguity that could affect investor confidence. The focus now shifts to Cardano’s ability to foster adoption and innovation, rather than relying on policy recognition.

Cardano (ADA/USD) Price Outlook: Bearish Breakdown Signals Further Decline

Cardano has confirmed a bearish breakdown below a symmetrical triangle on the 4-hour chart, indicating increased downside risk.

• Key Resistance: $0.85 (50-period EMA)
• Support Levels: $0.76, with a potential deeper drop to $0.679

Failing to reclaim $0.85 would maintain selling pressure, increasing the likelihood of a decline towards $0.76 and possibly $0.68.

Cardano (ADA/USD) Price Chart – Source: Tradingview

If buyers regain control, a breakout above $0.85–$0.90 could shift sentiment. Until then, ADA remains in a downtrend, with traders monitoring volume and market sentiment for further confirmation.

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