Cardano (ADA) is having an extremely impressive start to the new year as the strong growth momentum has returned, despite still facing some skepticism from the market. The question is: will this upward trend sustain long-term, or is it just a temporary reaction to positive news?
Upgrading Leios – A Long-Term Step Forward for Cardano
Most of the attention on Cardano is due to the promising progress of the upcoming Leios upgrade. According to the latest update from IOG on X, the deployment process is progressing smoothly with concrete results.
Source: X Currently, the main proposed improvements are 67% complete, while technical design is at 46%. Other key goals such as demonstrating the ability to process 1,000 transactions per second and deploying testnet are still in the early stages but have clear plans.
Leios is a strategic upgrade extending until 2026, further strengthening investor confidence in ADA’s long-term prospects.
Trust from Major Investment Funds
Confidence in Cardano continues to grow as Grayscale has recently adjusted its investment portfolio.
Source: X Currently, ADA accounts for up to 18.55% of Grayscale’s Smart Contract Fund, second only to Ethereum (ETH) with 29% and Solana (SOL) with 29.55%. This is a significant proportion for a fund focused on long-term smart contract platforms, helping to enhance ADA’s position and reputation in the market.
Is the Price Rally Sustainable?
In the past week, ADA’s price surged, approaching $0.40 after rebounding from the $0.30 zone. However, technical indicators show this area as a strong resistance level, as selling pressure begins to appear. The RSI hovers around the neutral 50, and the CMF has slightly decreased below 0, indicating that capital inflow is slowing after the sharp increase.
Source: TradingView Nonetheless, trading volume remains high, reflecting significant interest from investors and traders.
In summary, ADA’s current upward momentum is quite impressive and well-founded. However, the market remains cautious and is waiting for more signals to determine whether this bullish trend can continue or will temporarily pause in the near future.
Mr. Teacher
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump's Easing Signals Trigger $2 Trillion Market Revaluation, Bitcoin Surges in Sync
US President Trump announced online progress in US-Iran talks and postponed strikes against Iran. Following the announcement, the S&P 500 index surged, crude oil fell sharply, and Bitcoin rose in tandem. Market reaction demonstrated high correlation across asset classes. A $1.5 billion futures order drew attention, but there is no evidence of insider trading involvement. This incident revealed the rapid repricing of global markets in response to geopolitical news.
MarketWhisper3m ago
Pi Network Weekly Drop 6%, Bullish RSI Meets Billion-Token Unlock Pressure
Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.
MarketWhisper17m ago
U.S.-Iran War Pause News Caught in Conflicting Reports! Bitcoin Surges Back to $70K, But Analysts Warn of Bull Trap
The United States announced a pause on military strikes against Iran, causing Bitcoin to briefly break through $70,000. Analysts warn that this rally could be a bull trap, predicting Bitcoin may retest $46,000. Market sentiment remains subdued due to geopolitical risks and persistent inflation. Trump faces challenges from Iran and dollar-denominated oil prices amid internal pressure.
CryptoCity19m ago
Trump "Pauses Strike on Iran" for 20 Minutes, Global Markets Surge 2.5 Trillion Dollars, BTC Surges to 71000, Liquidations of 659 Million Shake the Market
Bitcoin plummeted to a two-week low of $67,371 during the Asia session, then rapidly rebounded to $71,000 following Trump's announcement to suspend strikes against Iran, gaining 5.86%. This event triggered a $2.5 trillion increase in global market value. Meanwhile, Bitcoin liquidations reached $659 million, marking the largest scale in recent times. Market sentiment improved, the fear index rose, while miners continue to face losses pressure.
動區BlockTempo1h ago
Why Did Bitcoin Rise Today? Trump Delays Iran Attack by 5 Days, 160 Million Shorts Liquidated
Bitcoin rebounded to $71,000 following Trump's statement delaying strikes on Iran, erasing losses for the week. Easing market concerns drove a return flow to risk assets, resulting in over $160 million in forced short liquidations. Technical analysis shows the need to hold above $71,500 to confirm an uptrend. Future market direction remains influenced by geopolitical developments.
MarketWhisper1h ago
