#Cardano (ADA) Price News Today 9-1-2026 - Eliott Wave and technical analysis of Cardano, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Cardano's (ADA) price on January 9, 2026, is approximately $0.3957 USD. The cryptocurrency is showing mixed signals on the day, with a slight dip following a recent rally.
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News & Market Analysis
-Current Price Action: ADA is trading around the $0.40 support level, down slightly in the last 24 hours. This follows a strong start to 2026 where the price increased by over 17% weekly, reaching a high of $0.437 earlier in the week.
-Recent News: On January 8, Cardano's governance ratified a proposal to withdraw 70 million ADA for critical infrastructure, including stablecoin integrations and oracle reliability improvements, a move seen as bullish for addressing the network's DeFi competitiveness.
-Technical Outlook: The price is facing resistance around the $0.401 mark, the 50-day moving average. A sustained break above this could signal further upward momentum, with some short-term targets set around $0.87. However, broader market sentiment remains cautious, and general market volatility and potential delays in key upgrades like Hydra pose risks.
-Forecast: Short-term predictions suggest a potential slight downward trend in the immediate future, possibly dipping as low as $0.3889 before a potential recovery. Long-term price predictions for the rest of 2026 vary, with average estimates ranging from $0.429 to over $0.55 per token, dependent on the successful rollout and adoption of key network features.
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