#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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As of January 9, 2026, the price of Cardano (ADA) is trading around $0.39660. It has seen increased volatility recently following a significant one-day jump on January 2 and the approval of a large treasury allocation on January 8 to fund stablecoin integrations.
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Key Insights
-Recent Price Movement: ADA is up about 20% since the start of 2026, bouncing from a critical support range of $0.33-$0.35. However, it has seen intensified capital outflow over the past five days, exerting some downward pressure.
-Major Developments: On January 8, 2026, Cardano's governance approved a 70 million ADA treasury allocation for stablecoin (USDC/USDT) and oracle (Pyth Network) integrations, which is expected to boost its decentralized finance (DeFi) capabilities.
-Institutional Interest: Morgan Stanley plans to support Cardano in its new cryptocurrency wallet in H2 2026, signaling growing institutional acceptance.
-Technical Outlook: The cryptocurrency currently has "buy" signals from both short and long-term Moving Averages, giving a positive forecast, but also faces some short-term correction risks due to increasing short momentum.
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