Cardano's ADA token is on the verge of a golden cross on the 3-hour chart, signaling potential bullish momentum. Currently trading at $0.8683, ADA has gained 0.95% in the past 24 hours, approaching the critical $0.90 resistance level. The formation of a golden cross, where the nine-day moving average intersects the 26-day moving average, suggests a shift in market sentiment. Market confidence is further supported by increasing open interest and developments within the Cardano ecosystem, including governance initiatives by the Cardano Foundation and the rollout of the Midnight Network. While the immediate target is to break the $0.90 resistance, longer-term projections aim for $1.20, depending on ADA's ability to turn resistance into support.