ADA Eyes 20% Upside Ahead of Cardano’s Leios Upgrade
ADA, Cardano’s native token, has dropped 8% over the past week to trade around $0.57, reflecting broader crypto market weakness. Despite a 2% dip in 24 hours and technical indicators—MACD in negative territory and RSI at 37—showing bearish pressure, traders remain hopeful ahead of the Leios upgrade. Slated for Q4, Leios aims to enhance network throughput and scalability through optimized transaction processing and endorsement mechanisms. If bullish momentum returns, ADA could rally to the $0.65 resistance in the short term and potentially reach $0.77 on extended gains. Conversely, failure to hold support at $0.5096 may trigger further declines. The upcoming upgrade and its impact on ADA’s performance will be closely watched by investors seeking medium-term upside.
Bullish
The Leios upgrade represents a significant network enhancement that could drive ADA demand and prices once implemented. Historically, major Cardano upgrades—such as Alonzo—triggered bullish sentiment and price rallies both before and after launch. While short-term indicators (MACD negative, RSI low) point to selling pressure, traders’ focus on Leios’s throughput and scalability improvements should support a medium-term bullish outlook. A break above $0.65 would confirm renewed buying strength, whereas a failure to hold near-term support could delay gains. Overall, the upgrade’s potential to increase network utility and lower fees suggests a positive long-term trajectory for ADA.