Cardano Bounces Back on Key Support Level Amid Leios Upgrade Progress

Cardano's price has bounced back after nine consecutive days of decline, finding support at the 0.382 Fibonacci retracement level at $0.1762.

This level is crucial as it separates a potential recovery to $0.1998 from a slide towards $0.1617.

Cardano's biggest upgrade, Leios, is nearing completion with 96% readiness for 1,000 transactions per second (TPS) as Dijkstra Phase 1 targets code completion in Q4 2026.

The Constitutional Committee's DRep approval stands at just 30% of the required 67%, with an expiration date set for September 1.