Cardano Completes Daily Golden Cross After 14-Month Wait, Price May Follow

Cardano has completed a golden cross on its daily chart after a 14-month wait. This significant technical signal indicates a potential bull run, as the 50-day moving average has crossed above the 200-day moving average. This is the first golden cross on the daily chart since August 2025, when Cardano's price reached a high of $0.92. However, the altcoin's price failed to maintain its momentum and faced increasing selling pressure in the following months.

Cardano's latest golden cross is seen as a positive fundamental development, especially considering the recent announcements from the project. The altcoin has been chosen as a public blockchain to guarantee the verifiability of sustainability related to aviation fuel and renewable diesel in two new Petrobras initiatives. Additionally, Cardano is deepening its enterprise presence in Japan through a partnership with Pacific Meta.

The Cardano team is also making progress on the Dijkstra upgrade, with the release of node 11.1.3 and the expected launch of public testnet 'DijkstraNet' with the 11.2 full release in 2-3 weeks. This upgrade is expected to bring significant changes to the Cardano network, including a new block format and Plutus V4 context.