Crypto news: ADA eyes $3.50 breakout as MUTM targets $5 in bullish surge
2025-07-17 10:51:12
Main Idea
Cardano's ADA token shows bullish momentum with potential price targets up to $3.50, while Mutuum Finance (MUTM) gains traction in its presale with strong security measures and growth potential.
Key Points
1. Cardano's ADA token surged past $0.74, marking a 26% weekly gain, with whales acquiring 120 million ADA tokens.
2. ADA achieved its first weekly golden cross, signaling bullish momentum, with key resistance levels at $0.90-$1.20 and a year-end target of $1.83.
3. Mutuum Finance (MUTM) has sold over 615 million tokens in its presale, with Phase 5 priced at $0.03 and a planned launch price of $0.06, offering a potential 100% ROI.
4. MUTM completed a CertiK audit with a 95.00 security score and launched a $50,000 Bug Bounty Program to enhance security.
5. Predictions suggest MUTM could reach $3.50 in the next market cycle, highlighting its growth potential.
Description
Furthermore, Cardano achieved its first weekly golden cross. This technical event signals potential bullish momentum. The 50-week moving average crossed above the 200-week line. Santiment data reveals substantial accumulation by major holders. Addresses holding 10-100 million ADA added over 1.28 billion tokens. Daily active addresses jumped to 38,600, the highest since late May. This activity underscores renewed network engagement. Technical analysis points towards key resistance levels. Breakin...
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