Cardano ADA Price Holds Support After Leios Testnet Success
Cardano (ADA)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Cardano (ADA) is trading at $0.2147, marking a 1.08% rise over the past 24 hours. The asset is holding above the $0.2004 support level, which has served as a floor during its recent recovery. Attention is focused on the $0.23 resistance zone, where a breakout could confirm stronger upward momentum.
This interest follows the completion of the first test run for the Ouroboros Leios protocol. The account Cardanians shared results on X, stating that Leios increased Cardano’s throughput capacity by 500% on the first test. Four additional testing phases are planned before the targeted mainnet hard fork.
Leios is designed to improve transaction processing capacity, potentially strengthening network sentiment. Technical data from TradingView shows ADA sitting above its $0.2004 support and the middle Bollinger Band at $0.1972. The upper Bollinger Band is located at $0.2344, defining the immediate resistance area.
A break above this zone could open the door to further upside, while a drop below $0.2004 would weaken the setup. CoinGlass data indicates open interest climbed to around $580 million before easing to about $480 million by August 27. CoinCodex’s short-term model forecasts a slow climb to $0.2177 by September 1.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio spot data shows ADA trading at $0.2138 with a 1-hour buy ratio of 41.3% and a 4-hour buy ratio of 48.9%. These shorter-term ratios are lower than the 24-hour buy ratio of 48.5%, indicating that buying pressure is fading in the immediate term. The 1-hour volume delta is -$121,865 and the 4-hour delta is -$69,666, showing net selling activity in recent hours. Over the full day, the volume delta is -$790,959 with a CVD of -$849,808, confirming that sellers have dominated the 24-hour period. This means that more volume was executed on sell orders than on buy orders during the last day. Net buying occurred for only 9 of the 24 hours, suggesting a lack of sustained demand.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Twenty-four hours later
What ADA did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.5%, compared to the current 24-hour ratio of 48.5%, a difference of 1.0 percentage points. This indicates that today is an ordinary day for the coin, with buying activity slightly below the weekly average. Spot volume for the last 24 hours was $25,975,849, which is 0.52 times the weekly average volume. This volume level is significantly lower than usual, suggesting reduced trading activity compared to the norm. The 8-day price change was +7.4%, with a total volume delta of +$589,355 over that period. Only 2 of the last 7 days saw net buying, contrasting with the broader positive price trend.