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<p>Cardano’s implementation of the Chang hard fork, which introduces on-chain governance, marks a key moment in the network’s growth. This development, highlighted by Dan Gambardello in his YouTube analysis, emphasizes the importance of decentralized governance in <a href="https://captainaltcoin.com/cardano-ada-set-for-major-price-surge-as-analysts-eye-18-target-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Cardano’s future</a>.&nbsp;</p>
<p>Gambardello’s analysis provides an overview of Cardano’s current technical landscape. The analyst focuses on price action, key indicators, and the potential for long-term growth.</p>
<h2 class="wp-block-heading" id="strong-cardano-s-chang-hard-fork-strong"><strong>Cardano’s Chang Hard Fork&nbsp;</strong></h2>
<p><a href="https://crypto.news/cardano-switches-to-decentralized-governance-with-chang-hardfork/" target="_blank" rel="noopener noreferrer nofollow">The Chang hard fork has introduced</a> a shift in Cardano’s governance structure, transitioning the network towards true decentralization.&nbsp;</p>
<p>This means that with this update, the ADA holders are now in a position to determine the direction and development of the network, somewhat reducing the dominance that was earlier in the hands of <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> Foundation, IOHK and EMURGO.</p>
<p>This change moves Cardano in line with other top-tier blockchains such as Polkadot that embrace decentralised governance. According to Gambardello, this is a great development since Cardano emphasizes decentralization more than other leading cryptos.</p>
<p>In response to critics, he wants them to change their perception towards ADA. He points out to them that blockchain is capable of long term success.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-price-outlook-strong"><strong>Technical Analysis and Price Outlook</strong></h2>
<p>Gambardello highlights the technical aspects of Cardano’s price action, providing insights into both short-term and long-term trends. From a macro perspective, he suggests that <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">ADA is currently undervalued</a>, despite the recent downtrend.&nbsp;</p>
<p>He cites the network’s governance improvements and technical strengths as signs of a bright future. The expert also discusses the prospect of a “supercycle” in the broader crypto market, which might last until 2026.&nbsp;</p>
<p>This argument is supported by historical data, which suggests that the market may enjoy long-term growth, driven by factors such as the Federal Reserve’s monetary policies.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/this-bitcoin-indicator-points-to-more-selling-pressure-on-btc-price/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>This Bitcoin Indicator Points to More Selling Pressure on BTC Price</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-key-price-levels-and-indicators-strong"><strong>Key Price Levels and Indicators</strong></h2>
<p>In his analysis, Gambardello highlights several crucial technical indicators for ADA. Important levels to keep an eye on are the 20 and 50 day moving averages, which are presently around $0.35 and $0.37, respectively.&nbsp;</p>
<p>A break above these levels would indicate a reversal of the trend and possible bullish action. The analyst also stresses the significance of keeping an eye on the RSI, particularly when the ADA gets closer to oversold levels.</p>
<p>The possibility of a positive divergence on the RSI, in which the price creates a lower low but the RSI forms a higher low, is mentioned by Gambardello.&nbsp; This pattern could signal a reversal, especially if ADA holds above key support levels.</p>
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<p>The post <a href="https://captainaltcoin.com/cardanos-chang-hard-fork-how-on-chain-governance-could-trigger-a-major-ada-price-upswing/" rel="noopener noreferrer nofollow">Cardano’s Chang Hard Fork: How On-Chain Governance Could Trigger a Major ADA Price Upswing</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Cardano’s Chang Hard Fork: How On-Chain Governance Could Trigger a Major ADA Price Upswing

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