Google Cloud Goes Live on Cardano Testnet While ADA Eyes $0.48 Resistance

Google Cloud is now live on the Cardano testnet, marking a key milestone for the network and its privacy-focused sidechain, Midnight. The move highlights rising enterprise interest in Cardano’s infrastructure and growing confidence in its long-term roadmap, scalability vision, and readiness for institutional-grade blockchain applications.

Running an ADA node is no longer optional for the privacy validators of Midnight, as it is now a requirement. This enhances security and decentralization as it further cements the close tie between Cardano and Midnight. The entry of Google Cloud into the scene shows that enterprise-class infrastructure is actively entering the Cardano and Midnight space.

Also Read: Cardano (ADA) Finds Strong Support Near $0.42 As Selling Pressure Fades

Cardano (ADA) Technical Setup Points to $0.48 Retest

However, the data from More Crypto Online highlighted that price action continues to show respect for the identified area of resistance for wave (B), thus supporting the current market structure. While the price has exhibited some levels of volatility, it has repeatedly failed to reach the area of resistance for an upward continuation. Analysts point out that the market is likely to make another attempt at an upside movement in the near future.

Source: X

However, if the bullish momentum continues to build, the price might test the resistance level around $0.41; a further push to $0.48 might be seen. The levels form a crucial point where the volatility could rise. If the levels are not overcome, the corrective view might be reinforced; otherwise, the breakout might bring positive market confidence to the traders.

Technical Indicators Suggest Weakening Bearish Strength

On the two-day Cardano chart, there has been a clear downtrend since the end of the summer, as the market has been sitting below the 20, 50, 100, and 200 EMAs. It can also be seen on the Bollinger Bands that the market has been holding near the lower band, indicating a possible relief in selling pressures, but the overall trend appears to be weak.

Source: TradingView

The RSI indicator shows that there is a weakening in bearish momentum, as it fell quite close to the oversold levels. The RSI has now moved back to values in the mid-forty ranges, and the indicator’s signal average has turned positive. This suggests that there is stabilization but no reversal, as momentum levels remain below the fifty level.

Also Read: Cardano Finalizes Ouroboros Linear Leios CIP: Could It Push ADA to $10?