- The newly certified Cardano Constitution enables ADA holders and enhances the ruling.
- The height of the TVL and the increase in the activity on the chain indicates the increasing health of the network and the participation of the user.
Cardano (ADA) is absorbing a new momentum after ratifying its constitution, a step that has been characterized by a major shift in the governance model. It carries the main support levels, the cryptocurrency raises the upward feelings between analysts, who believe a large gathering may be on the horizon.
Cardano Charles Hoskinson described this shift as a Cardano converting into a “living government”. Cardano stated that 85 % of society agreed to the constitution, which confirms strong confidence in the future direction of the project.
On February 19, Kardano’s constitution was officially Believe, a historical decision for the framework of decentralized governance. This step gives Ada holders to increase decision -making strength, enhance network transparency and community participation.
Cardiano founder Charles Hoskinson in A. video This transformation described as Cardano to a “living government”. The approval of 85 % overwhelmingly reflects the Cardano Foundation, strong confidence in this transformation.
In addition to the promotions of governance, the Cardano ecosystem is expanding quickly. According to Dolama, Ada’s The total closed value (TVL) increased by 22.4 % Last week, he climbed from $ 313.6 million to $ 383.7 million. This height is largely driven by protocols such as Splash, Lenfi and Indigo, which sparked the interest of the renewed investor.
Technical indicators indicate the difficult momentum
From a technical perspective, ADA price procedure offers encouraging signals. According to FXSTREET, the cryptocurrency has found strong support around the RERECting level by 61.8 % in Fibonacci at $ 0.67, and has been recovered since then. This level has worked historically as a decisive turning point for price movements.
More support for the upcoming expectations, Coinglass data He explains that a long percentage has reached its highest level in more than a month, which reflects the increase in confidence among merchants. OI’s weighted financing rate has also become positive, indicating that market participants are betting on more upward trend.
The famous analyst Ali Martinez High The importance of the support range of $ 0.67 -0.80 dollars. It suggests that the collapse of more than $ 0.90 can pave the way for a crowd of about $ 1.35.
However, merchants should remain cautious. While the current indicators indicate an upper path, the cryptocurrency market remains very volatile. External factors, macroeconomic conditions, and unexpected events can affect the direction of ADA prices.
For investors, monitoring of the upcoming technical developments and governance milestones will be essential in assessing the long -term growth capabilities of Cardano.
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