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From a technical analysis standpoint, ADA needs to surpass the 30-minute resistance level to potentially experience a significant uptrend. However, should it fail to break through this resistance, it is highly likely that the price will continue its downward trajectory.
On the fundamental side, the Cardano ecosystem is experiencing positive developments. The latest Input Output Global (IOG) update reports the release of Lace light wallet version v.1.10, enhancing user experience and addressing key issues. Additionally, the release of Hydra v0.16.0 supports the latest Cardano node and introduces new block format capabilities. With significant network upgrades planned, including the Chang hard fork in Q2, these developments aim to expand user participation and accelerate Cardano's decentralization