Cardano's getting a major upgrade. The blockchain network wants to push through a hard fork sometime in April 2026, moving the system to Protocol Version 11 with some pretty significant changes under the hood.
Cardano is preparing for an intra-era hard fork to Protocol Version 11, which enhances Plutus performance, ledger consistency and node security.
Cardano (ADA) shows neutral momentum at $0.25 with technical analysts eyeing $0.38 mid-2026 target. Key resistance at $0.26 must break for bullish continuation.
Cardano's short sellers are taking a beating. Over the past 24 hours, over $500,000 worth of short positions were liquidated as ADA hovered near $0.25 — a price point that one unnamed trader is calling a powder keg ready to blow.
Cryptocurrencies are currently experiencing an uptrend, with the total market cap increasing by 1.2% to $2.44 trillion over the past day. Amid this rally, Cardano (ADA) has dethroned Bitcoin Cash (BCH) in the crypto rankings by market cap.
Cardano completed a golden cross on its two-hour chart, with the MA 50 crossing above the MA 200. This corresponded with a mild rebound in the ADA price; at the time of writing, ADA was up 0.45% in the last 24 hours and up nearly 3% weekly.
Cardano has been one of the worst-hit altcoins in the crypto market, barely getting a rally in the last run and dropping fast once momentum shifted. Over the last year, the cryptocurrency's performance remained muted as it seemed like investors were focused on offloading their coins in order to avoid more losses.
Cardano (ADA) continues to hover around the $0.25 price level on Friday following its rejection from critical resistance zones earlier this week. The digital asset remains positioned beneath its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which form a cluster ranging from $0.27 to $0.40.
Cardano's (ADA) prolonged downside price action has failed to influence or slow down the engagement and demand for the leading blockchain network. During fading price strength, the network has been building up its pace with user activity witnessing one of its biggest growth in history.
Cardano slid about 5% to retest $0.25 support as long liquidations mounted, raising the risk of a sharper drop if buyers fail to defend the key level.
In a recent tweet, Cardano founder Charles Hoskinson praises the potential of Artificial Intelligence (AI), describing it as magic. "AI is magic," Hoskinson wrote.
Cardano price fell over 5% towards $0.25 on Thursday, paring off a part of its gains seen on the previous day. According to data from crypto.news, Cardano (ADA) price fell 5.7% from $0.263 on Wednesday to $0.