Cardano $ADA Nears Key Upgrade Amid Price Volatility ๐
Cardanoโs ADA faces critical price support at $0.76 while preparing for the Plomin hard fork governance upgrade. This update will transition Cardano to a fully governed blockchain via CIP-1694. The upgrade's ratification is expected between January 4-29, 2025. Price action shows ADA fluctuating after recent rebounds, with key support levels at $0.76 and resistance at $1. Analysts predict potential scenarios ranging from further declines to a bullish surge toward $6.
Whatโs your take on ADAโs upcoming milestones?
Source: CryptoFrontNews