Cardano (ADA) Just Had Its First Weekly Golden Cross Ever. Here’s the Significance
2025-07-10 13:20:05
Main Idea
Cardano (ADA) has recorded its first-ever weekly golden cross, signaling potential bullish momentum, supported by whale accumulation and favorable technical indicators.
Key Points
1. A golden cross occurs when the 50-week moving average crosses above the 200-week moving average, indicating potential upward momentum.
2. ADA is currently trading just under the 50-week ($0.663) and 200-week ($0.643) moving averages, with the 50-week now moving above the 200-week.
3. Whale investors have accumulated approximately 120 million ADA (worth around $3.3 billion) in recent weeks, suggesting confidence in ADA's future performance.
4. Other technical indicators, such as the MACD showing a bullish crossover and ADA remaining above the Ichimoku Cloud, further support the bullish outlook.
5. For the golden cross to confirm a lasting structural shift, ADA needs to break through and hold above major resistance levels between $0.70 and $0.74.
Description
Cardano (ADA) has just recorded its first-ever weekly golden cross, a rare and powerful technical event that could mark the beginning of a long-term bullish trend. The development was brought to attention by crypto analyst Mr Brownstone, who highlighted the significance of this signal in a recent post on X. A golden cross occurs when a shorter-term moving average, typically the 50-period, crosses above a longer-term moving average, such as the 200-period. While golden crosses on daily charts are...
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