Key Highlights
- ADA was changing hands around $0.22, building on the previous week’s upward movement as it approached the 200-day exponential moving average.
- Cardano Foundation announced its entry into Mastercard’s Crypto Partner Program, with emphasis on payment solutions, enterprise transactions and stablecoin infrastructure.
- Simulated testing of Ouroboros Leios demonstrated throughput capabilities of approximately 1,000 transactions per second, based on recent Cardano ecosystem reports.
- Technical analyst Jesse Olson noted ADA appears positioned to finish the week with bullish indicators, pointing to reversal patterns, RSI momentum and positive trend signals.
- Immediate upside targets lie between $0.2270 and $0.2464, with downside protection concentrated around $0.2030 to $0.2080.
The Cardano token maintained its upward trajectory on Monday, with ADA hovering near the $0.22 mark following last week’s solid performance.
The digital asset recorded approximately 12% appreciation during the prior seven-day period and sustained its momentum as market participants digested fresh ecosystem announcements and strengthening chart patterns.
Current price levels have lifted ADA beyond both its 50-day and 100-day exponential moving averages, currently positioned around $0.2038 and $0.2029 respectively.
The subsequent critical technical benchmark is the 200-day EMA. Various charting platforms show this indicator ranging from approximately $0.2401 to $0.2464.
Mastercard Collaboration and Network Testing Boost Sentiment
Cardano Foundation announced via X its participation in Mastercard’s Crypto Partner Program.
The collaboration targets international payment infrastructure, commercial transaction systems and stablecoin settlement capabilities, representing another significant enterprise adoption milestone for the Cardano network.
Meanwhile, Cardano’s planned Leios protocol enhancement has generated interest following recent test results showing approximately 1,000 transactions per second during simulation environments.
According to a Cardano ecosystem progress report, these numbers emerged from Ouroboros Leios testing phases, with developers suggesting a potential mainnet deployment within the current calendar year if development timelines remain on schedule.
It’s important to note these simulation figures differ from current mainnet performance. Actual network environments typically face additional challenges including latency variations, bandwidth constraints and diverse node participation patterns.
The Leios framework aims to leverage endorser block architecture and parallel transaction processing to scale throughput without simply increasing block size parameters.
These technical developments arrive as ADA trades above the 20-day Bollinger Band median line positioned near $0.2079.
Technical Picture Shows ADA Nearing Critical Levels
The Bollinger Band upper boundary rests around $0.2270, representing an initial near-term obstacle for further price appreciation.
Above this threshold, market observers are monitoring the March 29 support-turned-resistance around $0.2328 and the 200-day EMA zone between $0.24 and $0.25.
Technical momentum gauges have strengthened noticeably. Various daily charts show RSI readings ranging from 58.2 to approximately 64, indicating building bullish pressure.
The MACD indicator has generated a bullish crossover above its signal line, with the histogram bars turning positive.
Technical strategist Jesse Olson shared on X that ADA looks set to register a weekly buy signal. His analysis highlighted a reversal candlestick formation, RSI buy confirmation and positive trending indicators, noting that reversal patterns have been developing over recent months.
For downside scenarios, the 50% Fibonacci retracement level near $0.2084 provides initial support, with the 50-day and 100-day EMAs clustered around $0.2030 offering additional cushion.
Recent metrics showed Cardano’s total value locked hovering near $57 million, while derivatives open interest registered approximately $430 million according to latest available figures.
Based on current technical positioning, ADA maintains ground above near-term support structures while remaining beneath the 200-day EMA, establishing the $0.2270 to $0.2464 range as the critical zone for upcoming price development.
The post Cardano (ADA) Rallies on Mastercard Partnership and Network Testing Milestones appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.