Cardano Fails to Build Momentum After Japan Expansion

Cardano's price has been struggling to regain momentum after a recent enterprise push in Japan. The Cardano Foundation named Pacific Meta an Enterprise Integration Partner on October 1, aiming to support Japanese enterprise adoption through local go-to-market and systems-integration work. However, ADA gave back most of its intraday gains during the news cycle as selling pressure increased, falling roughly 4% according to AMBCrypto.

As of October 4, ADA was trading near $0.2440 on the daily charts, down about 3.9% over seven days. The Cardano price prediction is facing a crucial test as it needs to regain momentum and move through the supplied resistance ladder, particularly $0.2564, to reach the editor's target of $0.26.

The daily indicators show an intact trend but fading momentum. The RSI(14) stood at 57.6 on October 4, classified as bullish by Blockspot. However, the daily MACD reading was 0.0091, below its 0.0103 signal line, indicating bearish momentum.

To overcome the short-term momentum problem and resistance sequence required to put $0.26 within reach, ADA needs to hold $0.2415 and reclaim $0.2451, then convert the subsequent $0.2475 and $0.2509 resistances into a sustained advance.