Cardano $70M Upgrade Push Could Ignite ADA Next Major Breakout

Cardano community-backed $70 million grant to IOE is powering network upgrades, boosting ADA outlook. A push beyond $0.74 could signal the next price surge.

Cardano [ADA] is setting the stage for a massive evolution. The network’s community has greenlit a $70 million treasury allocation to Input Output Engineering (IOE), the core development arm of Cardano, to supercharge its upgrade roadmap.

This historic funding—equivalent to over 96 million ADA—was approved by nearly 74% of voters, making it one of the most ambitious undertakings in the platform’s history. The roadmap, previously aligned with community priorities, lays the groundwork for a bold development era.

Key upgrades in the pipeline include Ouroboros Leios, Hydra scaling, and Mithril—a trio designed to enhance throughput, cross-chain compatibility, and developer experience. The grant will be deployed in structured phases, each tied to specific milestones and governed by on-chain smart contracts and Intersect-led oversight for full transparency and accountability.

IOE has committed to regular reporting, including progress updates and financial disclosures, to ensure ongoing community engagement and trust.

📈 Surging Development Activity

As the upgrade engines warm up, development metrics are already climbing. In late July, contributor numbers and code submissions saw a noticeable spike—even during a market dip that pushed ADA briefly below $0.62. This signals resilience among Cardano’s builder base, even amid price volatility.

By early August, ADA rebounded to around $0.735, mirroring a renewed wave of developer participation. The price action, coupled with technical progress, is fueling optimism that the $70M infusion may be a bullish catalyst in disguise.

📊 Technical Setup: Support Holding, Momentum Brewing

ADA recently found strong footing at $0.69, hovering just above the lower Bollinger Band. At press time, it was trading around $0.7304, reclaiming territory above the 200-day EMA ($0.7067) and challenging the 50-day EMA ($0.7240).

Although the MACD remains in the negative zone, it shows signs of a momentum flip, suggesting a potential bullish crossover. Bollinger Bands are also narrowing—a textbook signal for an incoming volatility breakout.

If bulls manage to push ADA above the $0.74 resistance level, the next immediate target becomes $0.79. Failure to flip the 50 EMA may invite a retracement back to $0.68. Nevertheless, the price structure remains neutral-to-bullish while ADA holds key support zones.

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