Cardano Activates Van Rossem Hard Fork: Next Steps for ADA

Cardano's ADA price is hovering around $0.1702 after the network successfully activated its Van Rossem hard fork, which upgrades the protocol to version 11.

The upgrade brings faster Plutus smart-contract execution, new built-in functions, updated cost models, and stronger node security, making it cheaper and more efficient for developers to create smart contracts.

This could potentially support growth in Cardano's DeFi, NFT, and real-world asset ecosystems, but the ADA price has not yet seen a sustained rally following the upgrade.

Despite technical progress, ADA remains in a bearish setup with its 50-week EMA below the 200-week EMA, weak momentum indicated by an RSI of 34, and a strong downtrend signaled by the Average Directional Index (ADX).