币界网报道：Cardano's ADA token continues to face price challenges despite recent developments, trading around $0.38 with a 4% weekly decline as broader market sentiment remains bearish. The cryptocurrency briefly spiked to $0.40 following Coinbase's announcement of ADA perpetual futures trading on its international exchange, but failed to sustain momentum. Analysts note ADA's price action mirrors Bitcoin's recent struggles, with the token testing key support levels. While the Coinbase listing was seen as a positive development for institutional adoption, market observers point to Cardano's upcoming Chang hard fork in Q2 2024 as a potentially more significant catalyst. The upgrade aims to introduce decentralized governance features, though some community members express concerns about implementation timelines. Technical indicators show ADA hovering near oversold territory, with resistance around $0.42 and support at $0.36.