Cardano’s “Golden Cross” Signal Could Power Its Return to the Top 5 Cryptos
2025-07-10 13:22:37
Main Idea
Cardano (ADA) shows bullish signals with a historic weekly Golden Cross formation, whale accumulation, and exchange outflows, potentially driving its price toward key resistance levels and a return to the top 5 cryptocurrencies.
Key Points
1. Cardano's first-ever weekly Golden Cross (50-week MA crossing above 200-week MA) signals a potential long-term bullish trend shift.
2. Whales have accumulated 120 million ADA ($71M) in two weeks, while over $8M ADA exited exchanges, reducing sell pressure and indicating rising confidence.
3. ADA's price faces key resistance at $0.66–$0.70; a breakout could target $0.95–$1.00, with technical indicators (MACD crossover, RSI at 57) supporting bullish momentum.
4. The Golden Cross follows months of ADA consolidation between $0.50 and $0.66, with a recent 6% weekly price increase adding to positive sentiment.
5. Analysts suggest a successful breakout could reignite broader interest and propel ADA back into the top 5 cryptocurrencies by market cap.
Description
Cardano forms first-ever weekly Golden Cross, signaling strong long-term bullish trend. Whales accumulate 120M ADA as over $8M exits exchanges, hinting at rising confidence. ADA eyes breakout past $0.70, with next resistance near $0.95–$1.00 amid bullish indicators. Cardano ($ADA) is showing renewed signs of strength as it forms its first-ever weekly Golden Cross, a key technical milestone that has stirred hope among traders and analysts. This pattern occurs when the 50-week moving average cross...
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