Cardano’s ADA gained 26.10% in August after rising 17% in July, briefly reaching $0.258 and a three-month high before retreating to around $0.21. ADA traded at $0.2158, up 1.61% during the session, and remained above the $0.208-to-$0.20 support zone. Cardano-based decentralized exchange volume fell about 98% from its August 22 peak of roughly $56 million to around $1 million, while futures open interest declined from $582.14 million to about $485.32 million. An hourly-chart death cross and profit-taking have raised concerns about a bull trap. SBlockSpy warned of a possible decline to $0.164, while More Crypto Online said momentum could remain positive above $0.157 and potentially drive ADA to $0.314-$0.404. Other analysts, including Lucky and CW, remained bullish, with targets ranging from nearly $0.50 to the start of a broader bull market. Separately, Cardano’s Leios throughput upgrade completed 41 days of public testing, reaching roughly six times mainnet capacity without changing the network’s security model.