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ADA price prediction: Will ADA rally ahead of the Leios Upgrade?

  • Cardano's ADA has dipped nearly 2% in the last 24 hours and trades above $0.55.
  • Investors are optimistic about ADA's price action ahead of the upcoming Leios upgrade.
  • ADA has experienced an 8% dip this week but remains hopeful with the upcoming upgrade.
  • The Leios upgrade aims to enhance network throughput and scalability for Cardano.
  • IOG states that endorsements and other mechanisms will be introduced to boost overall throughput.
  • ADA could rally towards $0.65 in the medium term with the Leios upgrade implementation.
  • In the short term, ADA might rebound to $0.65 if bulls take control, hitting $0.77 in an extended bullish scenario.
  • Alternatively, if bears persist, ADA could test the $0.5096 support level. MACD and RSI indicators suggest current selling pressure.
  • The future price movement of ADA will depend on market sentiment and the balance between buyers and sellers.

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