The recent Cardano (ADA) upgrade, known as the Chang hard fork, has brought significant technical advancements to the blockchain, including introducing decentralised governance under the "Voltaire" era. Despite this milestone, the price impact on ADA has been muted, with the token showing signs of price consolidation rather than a bullish breakout.

The hard fork initially sparked a surge in trading volume, and despite a recent sharp drop, ADA has shown resilience, with only a 2% decrease post-upgrade. This reflects a cautious market sentiment and ADA's ability to weather broader bearish conditions across the crypto market. While currently within a falling wedge, the token's trading pattern suggests it is building momentum for a decisive breakout.

That said, I do not believe this breakout will happen within two weeks. If you share this belief, you can make your prediction on this poll within the NODO Prediction Market.

Technically, the market indicators for Cardano remain bearish. The Relative Strength Index (RSI) remains subdued, and the Chaikin Money Flow (CMF) stays positive, indicating weak buying pressure and a cautious trader mindset. As a result, ADA may continue to trade within a narrow range unless more substantial buying interest materialises.

Overall, the Chang upgrade is a significant development for Cardano's ecosystem. While its immediate impact on ADA's price has been limited by broader market forces and prevailing bearish sentiment, it is crucial to understand its potential and the changes it brings to the ADA landscape.