Cardano Price Prediction: ADA Eyes $0.29 as V11 Van Rossem Hard Fork Boosts Optimism

Cardano (ADA) slipped 0.81% on May 20, trading near $0.249 despite growing excitement around the V11 Van Rossem hard fork launch on the preview testnet. While bearish sentiment continues to pressure the market, technical indicators suggest that ADA price could rebound toward $0.29 in the near term.

The V11 Van Rossem upgrade is expected to improve Cardano’s smart contract efficiency by making transactions cheaper, faster, and more secure. These enhancements could attract more developers and users to the network, strengthening Cardano’s long-term ecosystem growth. Investors are also closely watching the governance vote scheduled for May 29, which may influence future ADA price action.

Data from DeFiLlama shows Cardano’s DeFi total value locked (TVL) declined by 28 million ADA between May 16 and May 20. However, the upcoming BS12-381 cryptography improvements and Plutus upgrades included in the hard fork could help reduce further TVL outflows and improve network performance.

According to Santiment, discussions surrounding Cardano’s future have intensified due to the hard fork and governance developments. The network is also preparing for the Leios upgrade in June 2026, which aims to scale Cardano beyond 1,000 transactions per second. Developers are additionally working on long-term security enhancements designed to protect the blockchain from future quantum computing threats.

Despite these bullish fundamentals, derivatives traders remain cautious. Coinglass data shows the ADA long/short ratio stands at 0.54, signaling that many traders still expect further downside after Cardano’s 8.62% weekly decline.

From a technical perspective, Cardano price recently broke out of a falling wedge pattern on the four-hour chart, a signal often associated with bullish reversals. If ADA successfully holds support at $0.248 and breaks above resistance at $0.275, analysts believe the token could rally by 5.35% toward $0.29. However, failure to maintain current support levels may trigger a drop toward the psychological $0.20 zone.

Momentum indicators are beginning to improve. The Relative Strength Index (RSI) has climbed from oversold territory and currently sits near 41, suggesting buying pressure is gradually returning. At the same time, Awesome Oscillator (AO) bars are turning green, indicating weakening bearish momentum and increasing chances of a short-term Cardano price recovery.