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Ahmed Barakat
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In the latest news from Cardano News, Cardano is trading at $0.158, down 1.39% on July 17, while the exiting traders pushed the long-short ratio to 0.58 and the open interest rose 4% to $421 million in the 48 hours before Van Rossem’s hard fork.
The structural tension is complex: the same stocks that flooded the short-term are being offset by the whale population that has reached its highest level since 2023, creating a setup where the next move could be as violent as it needs to be.
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Cardano News: Validation of Van Rossem Authority Launching July 18
The Van Rossem hard fork ended the regime on July 13, approved by SPOs and DReps, and officially opened on July 18 at 21:44:51 UTC on Slot 192,844,800.
Intersect has encouraged all developers to update their software before the Internet passes the fork limit, a precautionary measure, but one that shows that updates are being made at this time without any last-minute problems.
According to some reports, the upgrade is expected to reduce the operating costs of Cardano, making transactions and dApp services more affordable.
The next step for middlemen, Van Rossem lays the groundwork for Leios technology, a forward-looking upgrade aimed at a significant increase in production by the end of 2026.
The story of the road is important: this fork is not the only event but relying on a long delivery method, which is one of the reasons that makes the fish heavier than expected.
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$0.160 and $0.170 Are the Levels That Determine the Next Move
CoinGlass’s three-day hot chart places a near-term pool between $0.160 and $0.165, sitting above ADA’s current market price.
A major consolidation is seen around $0.167, closely matching the Murrey Math resistance at $0.1709 seen on TradingView’s daily chart.
The two groups interpret a little bit more: the drop to $0.160 triggers a long closing and opens the way to the $0.1465 Murrey Math support; a break above $0.170 will force short sellers to close positions with hands to try to recover while Van Rossem is alive.
The 4-hour chart shows that ADA has broken through a bearish trend from its early July peak at around $0.195, but the move did not result in a sustained rally.
The RSI at 4 hours is at 46.92, below its moving average of 50.95, a bearish-neutral segment, not a sell. That reading is important because it means that there is no technical way out of serious doubt; the tree is moving slowly, waiting for the catalyst to explain its destination.
Van Rossem’s predecessor, Vasil’s hard fork in September 2022, improved the functionality of Cardano contracts and block usage.
The position of Van Rossem is different, reducing the cost and the planning of Leios, but the control system it provided, which is now going through the Intersect with the approval of the DRep and the SPO, represents a more comprehensive and transparent solution than the Cardano used in 2022.
Whether the credibility of the organization means to force the purchase after the fork, or if the small traders use every pop to increase their positions, that is the question that traders need to answer before the window of July 18 closes.
The hot chart at $0.167 is the clearest signal: a daily close above that level removes the ambiguity. In terms of how derivatives are set and social versus commercial interaction in interesting situations, the model is compatible with major crypto products; the side that controls the availability of space usually wins the next battle by going down.
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