Cardano Price Eyes 19% Rebound as Chang Upgrade Nears

The Cardano price is showing signs of a potential rebound, with a possible 19% increase on the horizon as the Chang Hardfork approaches. Despite experiencing significant losses in the recent market downturn, Cardano has been one of the strongest assets to recover. The technical analysis suggests a solid bounce from the bottom of a falling channel, which indicates that buyers are returning to the market, possibly in anticipation of the upcoming upgrade. This renewed interest and market activity could propel ADA’s price upward in the short term.
Chang Upgrade Nears, But ADA Holders Lose
The Chang hard fork is currently the most anticipated event on Cardano. 58% of Cardano nodes have migrated to v9.1.0, with only 12% more required to launch the upgrade.
$ADA 58% of nodes migrated to v9.1.0, 70% needed for #Cardano chang hardfork to launch.
It’s going up 2% each day so 6 more days and we @AltcoinDailyio @cryptorecruitr @SSMusicTweet @cardano_whale
— Chris (@heretobrowse_) August 6, 2

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