Cardano ADA Price Surges on Mastercard Partnership and Leios Upgrade
Cardano's ADA token has extended its recent recovery, trading near $0.22 after gaining around 12% last week.
The price move comes as attention focuses on new ecosystem developments and improving technical indicators.
The Cardano Foundation recently joined Mastercard's Crypto Partner Program, which is focused on cross-border payments, business transactions, and stablecoin settlement.
Additionally, the upcoming Leios upgrade has attracted attention after recent testing produced around 1,000 transactions per second in simulation.
Analyst Jesse Olson noted that ADA is set to close the week with a buy signal, citing a reversal candle, RSI signal, and green trend indicators.