The ADA Cardano coin enjoys strong support, thanks to the increase in staking activity, along with technical updates that enhance its infrastructure. The project's founder, Charles Hoskinson, confirmed that the focus is on network reliability and infrastructure development. However, despite these positive indicators, there are no official forecasts indicating that the price of ADA will reach $1.19.
Cardano upgrades enhance its position in technological innovation
The continuous upgrades of Cardano $ADA and its strategic framework highlight the project's lasting impact and attractiveness within the blockchain technology innovation space. Cardano maintains strong support levels, driven by increased staking activity and ongoing protocol improvements.
On his part, the project's visionary leader, Charles Hoskinson, confirmed that the focus is on reliability and technical advancement. Data from DeFiLlama on-chain shows stability or an increase in Total Value Locked (TVL), reflecting growing confidence amidst market consolidation.
Technical updates and the community's role
Technical developments (especially the upcoming Chang upgrade and governance updates) are potential factors for enhancing long-term impact in the industry. Analysts believe that these steps solidify Cardano's position within the Layer 1 ecosystem, while investors anticipate steady growth.
On the other hand, Cardano's leadership continues to prioritize long-term infrastructure over short-term valuations. Strategic improvements and community projects strengthen its ecosystem, aligning with the vision of systematic progress and scientific precision.
Cardano ADA Price Predictions
Currently, $ADA is trading at around $0.83, with an increase ranging from +1.2% to 5.5%. The trading volume over the past 24 hours is estimated to be approximately $0.95 to $1.3 billion, with a market value approaching $29–30 billion.
Positive technical signals
Technical signals show levels that support 'strong buy' recommendations on daily, weekly, and monthly timeframes, which enhances the positive medium-term outlook. Additionally, the Relative Strength Index (RSI) has reached around 58, indicating a buying signal.
Support and Resistance Levels
There is a strong support area around $0.81, while the lower level at $0.749 is considered secondary support.
In the bullish scenario, the price is expected to face initial resistance around $0.85, followed by higher levels at $0.86 or more, depending on price accumulations.