Cardano (ADA) Price: Golden Cross Formation Could Trigger Rally To $1

TLDR

Cardano (ADA) breaks above descending trendline and forms golden cross, trading at $0.876 with bullish technical signals Short squeeze potential exists with over $90 million in shorts vulnerable above $0.97 price level Network Realized Profit/Loss metric hits highest level since July as investors take profits Europe’s largest digital bank Openbank integrates Cardano for 2 million customers under Santander Key support zone between $0.85-$0.87 must hold for bulls to target $1 psychological level

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Cardano is trading at $0.876 with daily volume of $1.28 billion. The cryptocurrency shows technical strength after breaking above its major descending trendline.

Cardano (ADA) Price

ADA has reclaimed its descending trendline after several failed attempts. This breakout places the cryptocurrency back on stronger footing structurally.

The chart shows ADA breaking free from a long consolidation phase. The trendline now potentially flips into support for future price action.

Gordon’s analysis projects upside targets to the 0.786 retracement level near $1.75. This gives traders a clear roadmap for potential price movement.

The immediate task remains holding above the breakout zone. Healthy volume will be crucial for sustaining any recovery leg higher.

A golden cross has formed on Cardano’s daily chart from TapTools data. The 50-day moving average crossed above the 200-day moving average.

JUST IN: $ADA confirms a golden cross, signaling Cardano’s return to bullish territory. pic.twitter.com/LGE7rT3OKu

— TapTools (@TapTools) September 16, 2025

This classic bullish indicator suggests the market is shifting out of a prolonged downtrend. The crossover points to a potential accumulation and recovery phase.

Technical Momentum Builds

The golden cross reinforces the earlier trendline breakout. It shows buyers are regaining control with moving averages pointing toward sustained momentum.

ADA needs to hold above the $0.82 to $0.85 zone while keeping the golden cross intact. This would maintain a favorable path toward higher targets.

Cardano’s liquidation map reveals over $90 million in shorts vulnerable above $0.97. At current levels near $0.876, sellers remain in control.

JUST IN: Over $90M in ADA short positions are at risk of liquidation if price pushes to $0.97.

Current price: $0.876.

A breakout could trigger a major short squeeze across Binance, OKX, and Bybit. pic.twitter.com/Gh851wyEpd

— TapTools (@TapTools) September 16, 2025

The cluster of liquidation points suggests any sharp breakout could accelerate rapidly. A squeeze would provide liquidity needed to propel ADA toward next targets.

If buyers absorb supply and force shorts to cover, it could catalyze stronger upside continuation. This would strengthen the bullish structure already forming.

Fundamental Support Emerges

Europe’s largest digital bank Openbank recently integrated Cardano for 2 million customers. This development under Santander boosts the institutional adoption narrative.

The integration provides a longer-term bullish catalyst despite short-term weakness. Institutional adoption continues to grow for the blockchain platform.

On-chain data from Santiment shows concerning profit-taking activity. The Network Realized Profit/Loss metric spiked to its highest level since July.

This wave of profit-taking has capped ADA’s recovery attempts. Many investors are cashing out profits at current price levels.

A $6.7 million net outflow from exchanges occurred on September 17. This reflects investor hesitation in the current market environment.

Only a handful of traders remain bullish on Cardano according to Av_Sebastian. However, the technical structure still suggests room for optimism.

ADA has defended the $0.85 to $0.87 support region after repeated tests. This keeps its higher low formation intact on the charts.

The RSI sits at 44, suggesting sellers still have room to push lower. ADA struggles beneath the 50-EMA at $0.8819 currently.

If ADA loses support at $0.8528, next downside levels are $0.8264 and $0.8033. However, reclaiming $0.8843 would signal first signs of strength.

Aggressive bears may short below $0.8528 while conservative bulls wait for breakout above $0.90. The $0.87-$0.85 range remains the key battleground for ADA price action.

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