From ‘ghost chain’ claims to 20% surge – What’s happening to Cardano?
Cardano (ADA) is experiencing a significant surge, rising nearly 20% amid renewed optimism and notable developments. The upcoming Leios upgrade, a long-term initiative extending into 2026, is progressing well, with the main improvement proposal 67% complete and technical design at 46%. Additionally, Grayscale’s portfolio rebalance has boosted ADA’s credibility, as it at 18.55% of the Grayscale Smart Contract Fund, behind only Ethereum and Solana.
Despite the strong rally pushing ADA close to $0.40, selling pressure has emerged near this level. The RSI is neutral around 50, and the CMF has dipped slightly below zero, indicating slowing capital inflows. However, trading volume remains healthy, suggesting continued trader interest. The market appears cautious about whether the upward momentum will sustain or stall. Overall, Cardano’s rally is supported by tangible network progress, but further price movement will depend on continued follow-through.
ambcrypto01/09 03:02