Cardano’s native token ADA is exhibiting balanced trading conditions with a Relative Strength Index (RSI) reading of 50, signaling equilibrium between buying and selling pressure in the market. This technical indicator coincides with preparations for a landmark governance upgrade scheduled for 2025, which will fully decentralize decision-making authority across the Cardano network by empowering ADA holders directly.
ADA is currently priced at $0.7351, encountering resistance around $0.856 while finding technical support at $0.728 and $0.686. The planned governance enhancements will enable stakeholders to propose and vote on core protocol parameters and treasury fund allocations through the DRep (Delegate Representative) system. This decentralized model shifts control to the community, fostering open-source development financed by the network’s on-chain treasury.
The transition follows Cardano’s recent Plomin hard fork, which activated foundational capabilities to establish a self-sustaining blockchain ecosystem. This infrastructure upgrade, combined with the forthcoming governance mechanisms, positions Cardano to operate as a fully autonomous and community-driven network.