- Cardano trades at $0.87 after a pullback, but a golden cross on charts suggests a potential rally ahead.
- Developer activity remains strong, with ADA leading GitHub commits and recording over 2,800 days of uptime.
- Midnight sidechain airdrop to 33M wallets could drive fresh ADA demand, alongside rising trading volume.
Cardano has found itself back in the spotlight. After briefly reclaiming the $1 mark, ADA slipped into a sharp pullback and now trades at $0.87. Traders are split—some see this as a pause before another breakout, while others wonder if ADA will remain stuck under pressure for a while. With technical charts flashing bullish signals and network activity hitting new highs, it’s a moment of suspense for the token that once touched $3.10.
Golden Cross Appears on ADA Charts
Crypto analyst Deezy pointed out that ADA’s daily chart has triggered a golden cross—a bullish signal that forms when the 50-day moving average rises above the 200-day moving average. Historically, this setup has delivered strong rallies, and the last time it showed up, Cardano surged more than 200%. If history even half-repeats, ADA could make a move toward $2.50 in the months ahead.
The ADA/BTC pair is also drawing attention. In the previous cycle, Cardano rocketed over 1,000% against Bitcoin. This time around, Deezy says a smaller but still powerful 5.5x run could unfold if capital rotates out of BTC and into altcoins. For many traders, this is the long-awaited “alt season” they’ve been bracing for.
Developer Activity and Volume Growth
While charts are exciting, Cardano’s fundamentals continue to stand out. The project remains a leader in GitHub commits, with developers pushing out more code than even Ethereum at times. This consistent activity fuels growth across the ecosystem, from memecoins and NFTs to DeFi projects. The network has also run more than 2,800 days without downtime—a rare feat compared to peers that have stumbled under pressure.
Trading activity tells a similar story. ADA’s trading volume has outpaced Binance Coin’s for eight straight days, showing steady liquidity and user demand. Part of this comes from excitement around upcoming events, particularly the Midnight sidechain. With tokens being airdropped to 33 million wallets, users will need ADA to participate, creating a natural wave of new demand.
What’s Next for ADA?
Cardano is at a crossroads. On one hand, the golden cross and network activity hint at a major rally brewing. On the other, heavy resistance and broader market volatility could keep ADA pinned below $1 for longer than holders would like. Either way, with developer strength, rising volumes, and new ecosystem launches, the project isn’t short of catalysts.
