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Cardano's throughput jumps 500% in test; ADA price holds above $0.20, eyes $0.23 resistance

Protocol Fundamentals
28 Aug 2026
Blockonomi
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Bullish
pluang ai news

Cardano's ADA price rose 1.08% to $0.2147, maintaining support above $0.2004 amid optimism from the Ouroboros Leios protocol test. This test increased Cardano's transaction capacity by 500%, with four more testing phases before a planned mainnet upgrade. Traders watch the $0.23 resistance zone, where a breakout could signal further gains. Open interest peaked near $580 million before easing, indicating some profit-taking but sustained interest. Forecasts suggest a gradual price rise toward $0.2177 by September 1 rather than a sharp breakout.

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