Cardano (ADA) price climbs as recovery signals and hard fork looms

Cardano ADA price rise Leios testnet Van Rossem hard fork spot ADA ETF

The cryptocurrency Cardano (ADA) has risen about 5 % in early July, trading near $0.188‑$0.20 and holding a key support level. Technical analysis shows the asset breaking out of a long‑standing downtrend, moving above its 200‑day exponential moving average, with a bullish MACD crossover and price testing the upper Bollinger band.

Developers are testing the new Leios testnet, which promises a 30‑ to 65‑fold boost in transaction throughput. The network plans a Van Rossem hard fork (protocol version 11) slated for a November 2026 main‑net upgrade, while a potential spot‑ADA ETF is being discussed for August. At the same time, large‑holder (whale) wallets have increased their stake to over 38 % of total supply, even as daily transaction counts have fallen to a 45‑day low.

Analysts note that while the price bounce reflects short‑term buying pressure, a sustained rally will depend on the successful rollout of Leios, the hard fork, and continued institutional interest via the ETF.