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Hoskinson Claims Institutions Pumped and Dumped ADA, Bitcoin
Charles Hoskinson claims that institutional investors manipulated the market, causing a collapse by inflating prices of [ADA](https://holder.io/coins/) and [Bitcoin](https://holder.io/coins/btc/) before selling off their holdings. This strategy allowed them to profit from both the rise and fall, leaving retail investors at a disadvantage.
A Fragile Recovery
- [ADA](https://holder.io/coins/) has recovered above $0.40, while [Bitcoin](https://holder.io/coins/btc/) reached $90,000.
- Hoskinson suggests regulatory clarity from the upcoming Clarity Act could stabilize the market and potentially elevate Bitcoin to $250,000 by the end of 2026.
ADA Price Analysis
- The ADA chart shows it between two trendlines, forming a wedge pattern indicating potential future direction.
- A breakout above resistance might lead to a surge towards $1, with long-term targets near $10.
- If rejected, ADA could drop back to bearish levels like $0.20.
Source: TradingView