Cardanos ada
The token came under pressure on Saturday and dropped to $ 0.5818 and expanded its weekly losses despite renewed focus on the network’s Leio’s upgrade. ADA fell 3.77% over the last 24 hours of volume that spiked 38.39% over 7-day average, according to Coindesk Research’s technical analysis model.
On Thirsday, Input Output Global (IOG), the research arm behind Cardano, repeated its vision for the upcoming Leios upgrade via a thread of X. The team explained that Leios is designed to optimize transaction treatment and resource utilization, especially under peak block activity. The design introduces new mechanisms such as endorsements to maintain security and data availability while the total flow is increasing.
Leios was first introduced in November 2022 as a new family variant of Cardanos Ouroboros -Consensus Protocol. At that time, IOG emphasized that existing designs such as Praos and Genesis faced basic scalability limits – not because of bandwidth or CPU, but due to algorithmic dependencies that limited flow. Leios seeks to tackle these boundaries with a major architectural audit, including faster chain synchronization, levels of transaction fees and major service priority.
The upgrade is not only a fine tuning to the existing system, but a significant redesign. While implementation requires significant changes, its benefits can be transformative. IOG co-founder and CEO Charles Hoskinson said on May 10 that he expects Leios to go live on Cardano Mainnet in 2026, a timeline that was reportedly accelerated from a first projection from 2028.
Meanwhile, long -term proprietors continue to draw ADA from centralized exchanges and signal conviction in the future of the asset.
Technical analysis highlights
- ADA traded within a 7.15% 24-hour range that dropped from $ 0.605 to a low level of $ 0.562 before partial recovery.
- 17:00 hours saw a high volume support zone form about $ 0.562– $ 0.576, with volume peaking at 175 m.
- Price stabilized between $ 0.582- $ 0.588 Resistance and $ 0.573- $ 0.582 Support, Signaling of Consolidation.
- Falling volume patterns suggest a potential accumulation phase.
- In the last hour, ADA fell from $ 0.585 to $ 0.582 within a falling channel.
- A sharp sale at. 12:48 Violated $ 0.583 Support; Price later consolidated near $ 0.582.
- Volume spikes at. 12:39 and 12:48 (over 1 million units each) marked key bend points during the session.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
