Cardano posts hourly and 2‑hour golden crosses; open interest hits 3‑month high at $856M — analysts eye ~25% move to $0.51 as catalysts loom
first published 2026-01-05T13:14:00Z
ADA formed golden crosses on the 2‑hour and 1‑hour charts after a rally from the Jan. 1 low of $0.331, with increased volumes and improved short‑term trend. ADA faces resistance at the daily MA50 ($0.401); a decisive break above that level could target roughly $0.65 and $0.90. Separately, Cardano’s governance ratified withdrawing 70,000,000 ADA to fund the Cardano Critical Integrations Budget to enable integrations including a T1 stablecoin and the Pyth Oracle. Price was ~‑0.29% over 24h and up ~8.29% on the week at time of reporting.
AI Analysis
Technical bullish signals: golden crosses on 2‑hour and 1‑hour charts and increased volumes; immediate technical barrier is the daily MA50 at $0.401 with stated breakout targets of $0.65 and $0.90. Fundamental action: governance ratified withdrawing 70,000,000 ADA to fund integrations (T1 stablecoin, Pyth Oracle). Price movement: ‑0.29% 24h, +8.29% weekly.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant
