Crypto

Cardano Price Surges 10.94% on Heavy Short Liquidations and Buying Interest

Guavy AI Editorial Team Published October 5, 2026

Instruments

ADA

Cardano's price surged 10.94% on major centralized exchanges, driven by heavy short liquidations and robust buying interest.

This move is reinforced by ADA trading above its 20-day, 50-day, and 200-day moving averages, indicating persistent bullish strength.

The Cardano Foundation's partnership with Pacific Meta to support enterprise adoption in Japan has not yet translated into sustained demand growth.

The Wire

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