Cardano (ADA) Creates Golden Cross Pattern, $1 Next?

Key Points

1. Cardano's 50-hour SMA crossed above the 200-hour SMA, confirming a golden cross pattern, a bullish signal.

2. ADA's price reached $0.80, up 5.73% in 24 hours, with key resistance levels at $0.86 and $0.94 on the way to $1.

3. Cardano's core development team, Input Output (IO), is working on projects like Hydra and Project Acropolis, boosting network demand.

4. The daily SMA 200, a critical momentum gauge, stands at $0.7245, which ADA has surpassed, indicating strong upward potential.

5. Cardano previously hit $1.19 on March 2 following a crypto strategic reserve announcement, showing historical volatility and growth potential.