Cardano has surpassed 127 million recorded mainnet transactions, although cumulative activity alone cannot establish recent adoption growth. DijkstraNet is testing protocol version 12, while
Cardano’s epoch 666, a routine five-day proof-of-stake cycle that attracted attention because of its biblical association, is concluding without a corresponding mainnet upgrade. The network’s more substantive developments involve Dijkstra testing and Midnight’s cryptographic improvements.
Meanwhile, ADA faces a separate challenge. Its daily chart shows a persistent decline from October’s highs, with price approaching an established support zone as momentum remains close to oversold territory.
According to Cexplorer, the network has recorded 127,203,164 mainnet transactions since launch.
The figure provides a cumulative measure of blockchain activity, but not a reliable indication of current demand. Establishing whether usage is accelerating would require comparable daily transaction counts, active-address figures and fee data across consistent periods.
Development activity offers a more immediate view of Cardano’s technical direction.
DijkstraNet has transitioned to protocol version 12, making the Dijkstra feature set available for testing and integration, excluding Linear Leios.
Node 11.2, pre-released on October 28, supported the transition, while DB Sync 13.8.0.0 provides updated infrastructure for applications and services that index blockchain data.
For stake-pool operators and developers, the practical significance is an opportunity to test compatibility before broader deployment. Testnet availability does not establish a mainnet activation date.
Linear Leios remains outside the current DijkstraNet feature set, meaning the transition should not be interpreted as delivery of Cardano’s longer-term scaling roadmap.
Midnight has separately completed its Ledger 8-to-Ledger 9 upgrade, adding native support for ECDSA and Keccak-256.
These capabilities matter because Ethereum-compatible software commonly relies on the same cryptographic primitives.
ECDSA enables verification of signatures produced using supported elliptic-curve schemes, while Keccak-256 supports hashing operations used throughout Ethereum’s application ecosystem.
Their availability could reduce the amount of custom cryptographic implementation required when developers adapt existing tools or verification logic for Midnight.
However, support for these primitives does not automatically establish Ethereum Virtual Machine compatibility, cross-chain asset transfers or interoperability with existing wallets. Those functions require additional protocol and application infrastructure.
The upgrade is therefore best understood as an improvement in developer compatibility rather than evidence of an immediate increase in Cardano mainnet activity.
At the time of writing Cardano is trading at $0.17747 following a decline from October’s local highs near $0.28.
Cardano remains in a descending channel as selling pressure pushes RSI toward oversold territory. Chart by Alexander Zdravkov, TradingView.
The price action has formed a descending parallel channel, marked by successive lower highs and lower lows. The latest candles remain inside that structure, with sellers retaining control of the intermediate trend.
The moving averages reinforce the weakness, although their ordering reveals a lagging transition rather than a completed bearish alignment.
The 50-day SMA stands at $0.22286, above the 100-day average at $0.21330 and the 200-day average at $0.20616. Despite this ordering, ADA trades beneath all three indicators, suggesting the recent selloff has developed faster than the longer-period averages can adjust.
A continuation of the downtrend could eventually produce bearish moving-average crossovers, but those signals have not yet occurred.
Momentum offers little evidence of an established reversal. The 14-day RSI stands at 32.72, marginally below its signal average of 33.09.
The indicator is approaching the conventional oversold threshold of 30. However, oversold conditions can persist during strong downtrends, and the chart does not show a clearly confirmed bullish RSI divergence.
The chart identifies four horizontal reference levels associated with previous areas of price reaction. These levels provide a framework for assessing potential recovery attempts and further downside.
Cardano | Technical Reference ADA Price Levels to Watch Coinbase daily chart | November 10, 2026 Price Level Technical Significance RESISTANCE $0.19340 Former trading area now acting as nearby overhead resistance. FIRST SUPPORT $0.16921 Nearest horizontal support below the current market price. LOWER SUPPORT $0.15480 Historical demand area that may become relevant if selling accelerates. DEEPER SUPPORT $0.13839 Lower reference from the earlier trading range if the correction extends.A sustained move above the descending channel’s upper boundary would be the first indication that sellers are losing control. Confirmation would require buyers to defend the breakout on a subsequent retest rather than allowing price to fall back inside the channel.
The longer-term moving averages remain an additional obstacle, particularly the 200-day SMA near $0.20616.
On the downside, a daily close beneath the nearest horizontal support would weaken the current trading range and increase the probability of another test of lower demand areas.
The channel’s lower boundary provides a separate, downward-sloping reference. Its exact value changes over time and should not be treated as identical to any fixed horizontal level.
A breakdown accompanied by expanding selling volume would carry greater technical weight than a brief intraday move beneath support.
The current chart presents two different confirmation tests.
For buyers, the priority is to interrupt the sequence of lower highs and establish a higher low outside the descending channel. An RSI recovery above 50 would strengthen the momentum picture, although it is not necessary for an initial rebound.
For sellers, a decisive loss of support would reinforce the existing trend, particularly if followed by a failed attempt to reclaim the broken level.
Neither outcome can be assigned a reliable probability from the available chart alone. The screenshot does not provide sufficient volume or derivatives-positioning data to establish whether the decline is approaching exhaustion.
Cardano’s development releases offer separate milestones, but they do not establish a direct catalyst for ADA’s price recovery.
For traders, the immediate evidence remains in the market structure: a confirmed breakout would require sustained buying above resistance, while failure to defend support would leave the descending trend intact.
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