Cardano Price Prediction as V11 Van Rossem Hard Fork Goes Live Ahead of May 29 Governance Vote

Cardano (ADA) is down by 0.81% today, May 20, to trade at $0.249. This drop comes even as the V11 Van Rossem hard fork that will make smart contracts on Cardano cheaper and faster, goes live on the preview testnet. But the four-hour chart shows a wedge breakout, from which Cardano price may rise by 5.35% to $0.29.

Cardano’s V11 Van Rossem Hard Fork Goes Live

Cardano has dropped to $0.24, but the V11 Van Rossen hard fork that is on the preview testnent might make the price move to $0.29. The governance vote will happen on May 29, and ADA needs to remain above support at $0.248 before this date.

This hard fork is going to make it cheaper to use smart contracts on Cardano and make it more secure, and this might draw in more users to the network.

Cardano’s DeFi TVL has lost 28 million ADA between May 16 and May 20 per DeFiLlama, and the BS12-381 cryptography and Plutus upgrades that come with this upgrade might prevent more TVL bleeding.

Santiment also says that this hard fork and the May 29 vote are increasing discussions around where the ADA price is headed and might support a bullish long-term Cardano price forecast.

The Leios upgrade will also reach the Cardano testnet in June 2026. Leios will make it possible for Cadano to attain more than 1,000 transactions per second.

Developers are also planning more upgrades that will see Cardano protected from quantum threats by 2030.

But the derivatives market shows that traders are still skeptical because the long/short ratio is at 0.54 per Coinglass, and considering Cardano price has dropped by 8.62% in one week, these short traders are expecting that the drop will not end at $0.24.

Wedge Breakout Signals Cardano Price Rally

Cardano price has broken out of a falling wedge pattern, and this creates room for a relief gain to happen. The wedge has a depth of 5.35%. Cardano will get to $0.29 if it goes past $0.275.

But the price of $0.248, where it broke out, is now support that needs to hold for bulls to confirm they have a good grip.

ADA will drop to the psychological support of $0.20 if this support at $0.248 does not hold.

The RSI reading of 41 on the four-hour chart suggests that bears have a good grip, and the support at $0.248 not hold. But this RSI reading is tipping north, and that is a sign of buying, making the run to $0.29 possible.

The AO bars are also showing that the bearish momentum is becoming weak because they are turning green even after an 8.5% drop in one week. This also makes it likely that the Cardano price will rebound to $0.29 soon.