Cardano has completed a death cross signal on its short-term charts as August nears its close, with the MA 50 falling below the MA 200 on the hourly chart. The price of ADA reached a high of $0.258 on August 22 before retreating, after the cryptocurrency surged for four consecutive days following an 11-day decline reversal. In August, ADA is up 26.10%, following a 17% rise in July, but weekly gains have narrowed as profit-taking reduced gains. Meanwhile, Cardano’s Leios upgrade achieved a major milestone, reaching peaks at approximately six times the current mainnet capacity during its public test.
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