Binance and Coinbase have announced their preparedness for the upcoming Cardano V11 hard fork, known as 'van Rossem,' which is expected to enhance the blockchain's functionality by introducing more cost-effective smart contracts, ZK-ready cryptographic tools, and additional built-in functions. The proposed upgrade has successfully undergone testing on the Preview and Preprod testnets and has garnered backing from Stake Pool Operators (SPOs) and Delegated Representatives (DReps). However, the final approval from the Constitutional Committee remains outstanding before the hard fork can proceed.
According to reports from AMBCrypto, Cardano [ADA] has experienced a significant 13.22% rally in the past 24 hours of trading, with its daily trading volume exploding by nearly 60%. This price movement coincided with the expected van Rossem hard fork, which has provided a short-term catalyst for the cryptocurrency. The upgrade represents an intra-era enhancement that focuses on performance and governance improvements, while introducing new Plutus built-in functions.
As reported by AMBCrypto, the technical analysis reveals that Cardano has been struggling with key support levels throughout recent months. The $0.235 support level was maintained during April and May, while the $0.32 support was broken in January 2026, shifting the swing structure bearishly. The current price action shows a bearish trend on the 1-day timeframe, with the move from $0.19 to $0.138 in June establishing Fibonacci retracement levels. The 78.6% retracement level at $0.1789 has been breached to the upside, though the swing structure remains bearish.
The van Rossem hard fork represents a significant milestone in Cardano's governance evolution, following the Plomin hard fork enacted on January 29, 2025, which marked a significant step toward full community-driven governance. The upgrade is anticipated to further refine the platform's governance and technical capabilities, aligning with Cardano's broader roadmap for decentralized innovation. Investors and developers are closely monitoring the final governance steps, as the successful implementation of van Rossem could influence the blockchain's competitiveness in the evolving DeFi and smart contract space.
