Cardano is testing a major support zone on the 1-hour chart, where the golden pocket and range point-of-control continue to act as a defensive area for buyers. The chart shared by analyst Carl Moon shows price reacting to this support cluster, which previously stopped a deeper breakdown. As long as this zone holds, bulls maintain a structural foothold for the next move.
The analyst notes that momentum shifts only if buyers reclaim the weekly open (wOPEN) level. That reclaim would flip intraday sentiment and open the path toward the previous weekly high (pwHIGH). Until that level breaks, ADA remains in a corrective range, with support strength outweighing follow-through from sellers.
If bulls regain the weekly open, the chart outlines a potential leg higher with continuation toward the $0.72–$0.73 region. The projected move assumes that the golden pocket defense triggers a trend reversal and invites new spot and derivative flow. However, continued rejection under the weekly open would keep price trapped in the range and stretch consolidation.
ADA daily chart flags bullish setup; 155% upside points to ~$1.63
Cardano’s daily chart shows a downward-sloping channel that fits a bullish flag formed after July’s sharp rally (“flagpole”). A bullish flag, in one sentence, is a brief, downward or sideways consolidation that follows a strong advance and often precedes continuation higher. Price now tests the lower boundary of the flag while volume cools, which typically reflects corrective action rather than trend reversal. The 50-day EMA near $0.7595 sits overhead as the first pivot that buyers must reclaim to shift momentum.
If bulls drive a clean daily close back above the mid-range and then break the flag’s upper trendline around $0.85–$0.88, the pattern would confirm. That confirmation would align with classic measured-move logic using the July flagpole and project substantial follow-through. Until that break, the setup remains a developing continuation pattern, with the lower rail near $0.60–$0.62 acting as the risk line that must hold to keep the structure intact.
Upon confirmation, the measured target implies roughly +155% from the current price around $0.6385, pointing to about $1.63. This objective matches the chart’s marked resistance band and reflects the prior impulse magnitude carried forward. However, a decisive daily close below the lower flag boundary would invalidate the thesis and defer the move, while a swift reclaim of the 50-day EMA would accelerate the path toward the breakout test.
ADA daily RSI lifts off lows but stays sub-50; momentum needs a 45–50 reclaim
ADA’s 14-day RSI prints 37.79, edging above its signal average at 36.08 and curling upward after this week’s dip. I read that as early repair: buyers slowed the downside and nudged momentum off the floor. However, the oscillator still sits below the neutral 50 line, so the trend bias remains defensive despite the short-term uptick.
The RSI tracks the speed of recent gains versus losses on a 0–100 scale; readings under 30 often mark oversold conditions, while above 70 often mark overbought. Today’s value hovers in the 35–40 band that frequently acts like a decision area during pullbacks. If the RSI keeps riding above its moving average and prints higher lows, it strengthens the case that sellers are losing control.
Going forward, I watch two confirmations. First, RSI should hold above its signal on minor dips. Then, a drive through 45–50 would flip momentum from repair to expansion, aligning with a breakout attempt on price. Conversely, a rollover back below ~35 and a cross under the signal would telegraph fading demand and raise the risk of another test of the chart’s lower support before any rally attempt resumes.
Governance status and what’s active now
CIP-1694 defines how governance actions are proposed and ratified on-chain, setting thresholds and roles for DReps, SPOs, and the Constitutional Committee. That architecture is now the basis for every subsequent decision, and it continues without change today. The Cardano developer docs outline these action types and voting mechanics.
Recent ecosystem posts reiterate the committee’s mandate and the community’s role, rather than announcing a new on-chain motion today. Foundation and Intersect materials frame this phase as consolidation after the elections and confirmations earlier in the year. The emphasis remains on process continuity and transparency.
Intersect’s current public agenda centers on member governance and budget design for 2026, which informs future on-chain items but is still at proposal and discussion stage. The multi-step budget framework request for feedback remains the live thread this week.
Scaling on mainnet: Hydra v1.0.0 experimentation
The Hydra team tagged hydra-node v1.0.0 in mid-October, enabling developers to deploy Hydra Heads against Cardano mainnet and test state-channel flows with real ADA. While throughput occurs off-chain inside Heads, the lifecycle is anchored by on-chain transactions, making this the most concrete scaling work developers can run today.
Project communications and exchange blogs echoed the milestone, noting it positions Hydra for production-grade experimentation while documenting current limitations. This step shifts more testing from theory to practice without touching token price narratives.
Community coverage aligns on the same point: mainnet deployment for Heads is now possible, expanding the surface area for app builders who need faster settlement while retaining Cardano’s base-layer security. That keeps the scaling story firmly tied to on-chain anchoring events.
Network load and participation: latest published snapshot
The most recent official weekly development report (Oct 10) logged 114.56 million total transactions and rising DRep participation. It also recorded wallet and script counts that frame current on-chain activity into late October. Those figures remain the latest public baseline today.
Essential Cardano’s mirrored report adds detail on native tokens, token policies, and active Plutus/Aiken scripts, corroborating steady usage. Together, these updates describe load and composition rather than short-term market moves.
Yoroi v6.0 and Midnight’s privacy-first DeFi collaboration were highlighted in the same period. Both touch users and builders but do not change governance parameters or token economics today.
Parameters and treasury: debates continue, not enacted
Stake-reward mechanics remain under discussion via CIP-50 (pledge leverage), which proposes a new parameter L to adjust incentives and curb extreme leverage. Forum threads and community calls continue this month; however, there is no on-chain parameter change confirmed today.
Intersect’s budget-process work for 2026 is likewise pre-ratification. It informs how treasury proposals may arrive on-chain later, but it does not constitute an executed governance action yet. The team is still collecting feedback from members and DReps.
Consequently, the live on-chain picture today is one of continuity: the governance framework stands, scaling experiments proceed with Hydra Heads, and the community debates parameters and budgeting ahead of future votes. When a new governance action posts to chain, it will surface through the CIP-1694 flow outlined in the developer docs.