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19 hour ago
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BEARISH 📉 : Cardano ADA struggles at $0.29 amid hard fork developments

The Hoskinson-led blockchain network is enhancing its ecosystem with the upcoming van Rossem Hard Fork. Key details include:

  • The upgrade will not alter transaction formats.
  • It aims to improve Plutus smart contracts with faster execution and new cryptographic tools.
  • Existing contracts remain unaffected.
  • Cardano node releases are planned: version 10.6.2 for early testing and version 10.7.0 for the mainnet fork.

ADA Price Analysis

  • ADA trades around $0.29, nearing a demand zone of $0.25–$0.30.
  • A breakthrough above $0.80 could indicate a trend reversal towards $1.20 or higher.
  • If support fails, prices may fall to $0.18 or $0.15.

ADA Price Chart

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