Hoskinson Takes Dig at XRP Faithful Over Decentralization Creds While ADA Plays Chicken With Fib Levels

ADA sitting pretty at $0.2527 on April 10, up a modest 0.5%, with the 0.236 Fib level at $0.2475 playing bodyguard underneath. For the first time since the March channel threw itself together, both SAR and Supertrend have flipped bullish on the 4H chart—because nothing says "bullish" like two indicators agreeing for once.

The descending channel from the March 17 high at $0.2951 is holding firm like a stubborn mule refusing to leave the barn. Price is wedged between the 0.236 Fib at $0.2475 and the 0.382 Fib at $0.2566—talk about a tight squeeze. SAR sits at $0.2465 and Supertrend at $0.2449, both chilling just below current price like polite guests waiting to be invited up. A 4H close below $0.2465 flips SAR bearish and puts the 0.236 Fib in immediate danger, like showing up to a party uninvited. The channel ceiling and 0.618 Fib at $0.2639 converge as the same resistance zone that needs clearing for any meaningful recovery.

Key levels for April 11:

• SAR support: $0.2465
• Supertrend support: $0.2449
• 0.236 Fib: $0.2475
• 0.382 Fib: $0.2566
• 0.5 Fib: $0.2639
• 0.618 Fib: $0.2713
• 0.786 Fib: $0.2817
• Channel base: $0.2328
• March high: $0.2951

Shorts Getting Squeezed

Derivatives data shows volume down 8.15% to $578.49M while open interest rose 1.15% to $414.85M. Existing positions are just sitting there like furniture, not new ones coming in to party. The long/short ratio sits at 1.0068—basically a coin flip—but Binance leans long at 2.0321 and OKX at 1.64, because apparently some exchanges didn't get the memo about staying neutral.

Here's the fun part: shorts absorbed $506.37K over 24 hours versus just $112.63K for longs. Sellers are getting squeezed tighter than a whale in a bathtub at current support levels, which makes sense given price holding the 0.236 Fib and both indicators flipping bullish on the 4H. OI at $414.85M remains elevated well above pre-rally levels, meaning there's enough leveraged positioning on both sides for a sharp move once the channel resolves—it's basically a powder keg with a lit fuse.

Hoskinson vs XRP: The Decentralization Debate

An XRP community member attacked Hoskinson on X,