Cardano is flashing conflicting signals as a long-awaited daily golden cross coincides with renewed selling pressure from leveraged traders and large holders. On the daily chart, the 50-day moving average crossed above the 200-day moving average, marking the first such golden cross in 14 months. The previous daily golden cross occurred in August 2025, when ADA rallied to $0.92 before losing momentum. After a death cross in November 2025, Cardano entered months of downside, making the latest crossover a notable technical shift.
However, analyst Ali Charts pointed to bearish on-chain data. Cardano futures open interest fell 9% in one week, from $1.99 billion to $1.81 billion, suggesting traders are reducing leveraged exposure. Whales have sold approximately 90 million ADA since September 20, worth around $22.5 million. A Tom DeMark Sequential sell signal appeared on the daily chart on September 26, and ADA has since declined 10%. Ali identified $0.24 and $0.21 as key support levels to watch. On the four-hour chart, ADA traded near $0.2435 after recovering from September lows around $0.190 to $0.195 and briefly reaching $0.258 to $0.260. Momentum remains weak, with an RSI of 45.52 and a negative MACD reading.
Fundamentally, Cardano is advancing enterprise adoption and protocol development. Petrobras selected Cardano as a public blockchain to verify sustainability data for aviation fuel and renewable diesel, and Cardano announced a partnership with Pacific Meta to expand its enterprise presence in Japan. On October 1, the network recorded 43,181 transactions, its busiest day in the past week. The Dijkstra upgrade also progressed with the release of node 11.1.3, fixing IPv4 decoding behavior, and the full 11.2 release is expected in two to three weeks with a new block format and Plutus V4 context, though Leios will follow later.
