Cardano (ADA) is navigating a series of significant ecosystem developments, while the double‑digit price increase observed last month has reignited optimism about the token’s valuation. On the daily chart, ADA’s price formed a double bottom, establishing higher lows between $0.152 and $0.16.
What This Cardano’s Price Trend Switch Tells Us
Currently, Cardano’s price is breaching the $0.18 resistance zone, confirming a SuperTrend reversal. The green line on the chart illustrates this trend shift, suggesting that ADA’s bullish momentum could resume if the price remains above this level.
This pattern is especially compelling because Cardano’s price has entered deeply oversold territory according to the Stochastic RSI, which currently reads between 3.95 and 20.69. Such levels indicate potential undervaluation relative to prevailing market conditions, raising the question of whether ADA’s bulls are similarly positioned.
Whales Unfussed Over Van Rossem Upgrade, But..
Whale activity continues to dominate shorter time frames, with ADA closely tracking Bitcoin’s movements. After the broader crypto market slipped toward $62,000, large holders have been realizing gains on one‑hour and four‑hour charts. Nevertheless, the daily chart remains bullish, as the Chaikin Money Flow (CMF) indicator hovers modestly above zero.
van Rossem hard fork update
As we approach the final 12 hours of epoch 642, a look at the current hard fork status
– 93% block production on node version 11
– 84.15% exchange readiness by liquidity
– Hard fork working group has voted to formally recommend ratification… pic.twitter.com/rEXeuGxCHF— Intersect (@IntersectMBO) July 13, 2026
A few weeks ago, Cardano’s Layer‑1 developers finalized the Van Rossem upgrade, yet it has not produced a noticeable price uptick. Meanwhile, total value locked (TVL) metrics reveal a stark contrast: overall TVL has dropped from over $100 million to just $18 million, even as the ADA‑based ecosystem experiences rapid growth in stablecoin adoption.
Much of this growth can be attributed to Cardano’s Midnight side‑chain, which offers a unique blend of privacy and regulatory compliance. The network allows merchants to hide sensitive transaction data on demand, making it an appealing solution for institutions that require both confidentiality and compliance with multinational licensing requirements.
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