Cardano (ADA) Daily Market Analysis 08 July 2026

Cardano (ADA) pulls back after a strong weekly rally, with the V11 hard fork and scalability upgrades driving cautious optimism. • ADA trades at $0.1729, down 4.75% in 24h but up 19.68% over the past 7 days (8 July 2026) • V11 "van Rossem" hard fork expected to deliver cheaper smart contracts and improved scalability • 14,783 non-empty wallets added since late June, signaling renewed network interest • Futures open interest fell 8% to $434M, reflecting profit-taking after ADA tested $0.1858 resistance • Community sentiment leans cautiously optimistic, focused on governance and scaling progress