Cardano Price Rises 5% as RealFi Testnet Launch Drives Optimism
Cardano price (ADAUSD) is up about 5% over the past 24 hours to $0.176, significantly outperforming the broader market recovery, primarily driven by anticipation of major network upgrades.
Its trading volume increased by more than 18% in the last 24 hours, with transaction value settling at around $660 million, according to data from cryptocurrency exchanges.
This has boosted Cardano market capitalisation to $6.5 billion, and the bullish signal remains strong.
Upcoming Cardano protocol upgrades, including the RealFi Testnet launch on July 6 and the imminent “van Rossem” hard fork (Protocol v11), are driving positive sentiment and accumulation.
The surge is closely tied to two imminent Cardano upgrades. The RealFi Phase 1 Testnet, launching July 6, aims to activate idle stablecoin capital for real-world impact, which founder Charles Hoskinson called “the largest upgrade” in the project’s history.
Concurrently, the Protocol Version 11 (van Rossem) hard fork, for which major exchanges like Binance and Coinbase are ready, promises cheaper smart contracts and ZK-ready cryptography.
Crypto analysts said these are concrete, near-term developments that could enhance Cardano’s utility, attracting speculative capital and long-term holders.
Cardano’s move occurred alongside a market-wide bounce. Bitcoin rose 0.93% after U.S. spot Bitcoin ETFs snapped a 10-day outflow streak, driven by a weak jobs report (57k vs. 110k expected) and Fed Chair Kevin Warsh’s comments that inflation risks had eased.
ADA benefited from improved risk appetite, but its outperformance suggests coin-specific alpha over simple market beta. Technically, ADA is in a strong uptrend, trading well above its 7-day average of $0.1534.
However, its 7-day Relative Strength Index of 77.93 signals overbought conditions, suggesting near-term consolidation is likely. The key Fibonacci 38.2% retracement level at $0.1773 aligns with current price action as immediate resistance.
The bullish structure is intact, but the pace of gains may slow as the market digests the recent rally. A decisive break above $0.1773 could target the $0.190–$0.201 zone; a rejection and break below $0.169 support would signal a deeper correction.
The combination of imminent network upgrades and a favourable macro shift has reignited interest in ADA, though short-term indicators warn of overheating.VBitcoin Tops $61k as 21Shares Sets 2026 Price Target
