Hard Fork Upgrade Anticipation Stalls Cardano Speculative Movement

• • The daily chart remains locked in a local distribution bias after the asset failed to sustain buying pressure at upper structures.
• • Market participants are adopting a defensive stance ahead of liquidity suspensions on major exchanges during the network update.

The Cardano layer-one network is currently on standby facing the execution of the Van Rossem hard fork, officially scheduled for activation on July 18, 2026. Anticipation of this fundamental event has prompted major crypto exchanges like Binance to plan temporary suspensions of deposit and withdrawal routes to support the stability of the transition process. From a daily graphical perspective, price action reflects market indecision, locked within a distribution bias zone at the $1.607 (Rp28757) level after experiencing a rejection at macro resistance areas. Given the prevailing passive stance from retail participants ahead of the suspension, the price is projected to slide lower to test the immediate local lower liquidity bound at $1.554 (Rp27807) over the next 4 days. Should macro sentiment worsen and trigger mass futures liquidations, the weakness risks extending down to hit the structural demand floor at the $1.383 (Rp24750) level.

Technical delays in the mainnet rollout could trigger shock liquidation pressure from futures speculators. An upward reversal outside this bearish scheme is confirmed if the price jumps above the risk level of $1.695 (Rp30334).