Key Notes
Cardano’s Charles Hoskinson joins a $200 million round backing American Bitcoin, a mining and AI infrastructure firm linked to the Trump family.
ADA price slid 2% before stabilizing above $0.50 amid weaker demand, falling volumes, and declining derivatives activity.
Despite short-term weakness, positioning data indicate that traders are defending the $0.50 support with a mildly bullish long-to-short ratio.
Cardano slipped 2% on Saturday, November 15, before stabilizing just above the $0.50 mark as investors absorbed 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 core rationale behind his investment. Posting on X on Saturday, Hoskinson emphasizes these factors, positioning the firm for considerable revenue streams in the long term.
Mining is good business thanks to AI. Bitcoin mining pays for the data center and infrastructure, AI absorbs it in 3-5 years. This team gets it and will make serious cash https://t.co/cY7k9GQVoc
— 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 round in July, with Solari Capital contributing more than $100 million. The latest round extends that trajectory, drawing in 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 centered on hard-asset accumulation.
The RSI at 34.23 sits near oversold territory but has yet to form a bullish divergence, suggesting that the price may drift sideways or test lower support levels before any rebound attempt gains strength. The BBP at –0.0899 indicates that bearish pressure remains dominant and counters rebound attempts.
The market structure provides immediate support at $0.50, with a deeper liquidity pocket near $0.47 if momentum weakens further. A daily close below $0.50 would expose ADA to a deeper retracement toward $0.45.
However, if bulls hold the current level and reclaim $0.53, ADA could attempt a recovery toward $0.60, near the 50-day average.
For now, ADA trades in a fragile zone where sentiment, macro narratives, and positioning flows converge. Traders appear determined to defend the psychological $0.50 floor, but without renewed volume and a shift in trend indicators, upside prospects remain uncertain.
