Cardano Death Cross Broken? ADA Defies Bears With 42% July Surge

Key Points

1. Cardano (ADA) surged 42% in July, defying the bearish death cross signal which typically indicates deeper corrections or extended downtrends.

2. The price reached a high of $0.935 on July 21 but faced resistance, remaining up 42% for the month.

3. Current price levels show ADA down 0.23% in the last 24 hours and 5.13% weekly, erasing recent gains.

4. Key support levels for ADA are at $0.74 (daily SMA 200), $0.70, and $0.66 (daily SMA 50), while resistance levels are at $0.86, $0.90, $0.94, and $1.02.

5. Bulls aim to push ADA above $0.94 to test higher resistance levels, potentially reaching $1.17.