“Ada Slid 4% in the Past 24 Hours, with 24-Hour Trading Volume Jumping Nearly 38.4% Above The 7-Day Average.”, – WRITE: www.coindesk.com
Token Came Under Pressure Saturday, Falling to $ 0.5818 and Extending its Weekly Losses Despite Renewed Focus on the Network’s Leios Upgrade. Ada Declined 3.77% Over The Past 24 Hours, with Volume Spiking 38.39% Above The 7-Day Average, Accounting To Coindesk Research’s Technical Analysis Model.
On Thirsday, Input Output Global (IOG), The Research Armind Cardano, Reiterated It Vision for the UpcomING LEIOS UPGRADE VIA A Thread on X. The Team Explaned that LEIRANSACE. Processing and Resource Utilization, Especialy During Peak Block Activity. The Design Introduces New Mechanisms Like EndorSements to Mainten Security and Data Availliness While Boosting Overall ThroughPut.
Leios Was First Introduced in November 2022 As a New Family Variant of Cardano’s Ouroboros Consensus Protocol. At the Time, iog Highlightd that existing Design Such as Praos and Genesis Faced Fundamental Scalacy Limits – Not Due to Bandwidth or Cpu, But Due to Algorithmic DependenCies Thra. Leios Seeks to Address Tese Limits with a major Architectural Overhaul, Including Faster Chain Sync, Tiered Transaction Fees, and Greater Service Prioritization.
The Upgrade Is Not Just A Tweak to the Existing System But A Substantial Redesign. While Implementation Will Demand Considerable Changes, ITS Benefits Could Be Transformational. Iog co-funer and ceo charles hoskinson said on x on x on may 10 that expects leios to go live on the Cardano Mainnet in 2026, A Timeline That Was Reportedly Accelerated.
Meanwhile, Long-Term Holders Continue to Withdraw Ada from Centralized Exchange, Signaling CONVICtion in The Asset’s Future.
Technical Analysis Highlights
- Ada Traded WitHin A 7.15% 24-Hour Range, Deckling from $ 0.605 to A Low of $ 0.562 Before Partial Recovery.
- The 17:00 Hour Saw a High-Volume Support Zone Form Armund $ 0.562– $ 0.576, with Volume Pecking at 175M.
- Price Stabilized Between $ 0.582– $ 0.588 Resistance and $ 0.573– $ 0.582 Support, Signaling Consolidation.
- DECREASING VOLUME PATTERNS SUGGEEST A PETENTIAL ACCUMULATION PHASE.
- In the Last Hour, Ada Droped from $ 0.585 to $ 0.582 Within A Descending Channel.
- A Sharp Sell-Off At 12:48 Breached The $ 0.583 Support; Price Later Consolidated Near $ 0.582.
- Volume Spikes at 12:39 and 12:48 (Over 1 Million Units Each) Marked Key Inflection Points Durying the Session.
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