Cardano’s ADA token may be on track to rally above $1.90 after the hard fork, according to a symmetrical triangle, which on confirmation, would result in a significant breakout.

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In addition, the hard fork is expected to make Cardano more developer-friendly, which could attract projects from rival Layer 1 blockchains and lead to heightened demand for ADA.

The Shelley upgrade in 2020 was the first hard fork, marking a pivotal transition that made Cardano a decentralized network. It also introduced staking allowing ADA holders to earn rewards by ...