Cardano ADA Price Sees 1.08% Rise Amid Ouroboros Leios Update

Cardano's ADA price has been steadily increasing over the past day, reaching $0.2147 at the time of writing. This marks a 1.08% rise in 24 hours, and the token is holding above its recent support level of $0.2004.

The attention on Cardano stems from an update to its network protocol, Ouroboros Leios. The first test run of this new protocol reportedly increased Cardano's throughput capacity by a significant 500%.

However, four more testing stages remain before the expected mainnet hard fork. Traders are now watching the $0.23 zone as a key resistance area, with a move above this level potentially confirming a stronger breakout for ADA.