Overview

• ADA closed above $1 for the first time in five months after its 50-day moving average crossed above the 200-day to form a daily golden cross.
• On-chain data from TapTools reveals significant whale accumulation, with multiple large holders now sitting on six-figure unrealized gains.
• The rally’s V-shaped rebound and rising volume have led analysts to eye $1.15–$1.20 as the next resistance and prompted some forecasters to project a move toward $3.
• The Cardano Foundation announced partnerships with Input Output Global, Emurgo and Intersect to drive adoption while developers outlined the upcoming Ouroboros Leios scalability upgrade.
• Sustaining the rally requires maintaining the $1 breakout level and adequate market liquidity, as overbought signals risk prompting short-term pullbacks.