ADA Technical Analysis: Golden Cross Activated, Long-Term Bullish Trend Clear
Recently, ADA (Cardano) has shown clear technical pattern signals on the daily chart: Golden Cross. This pattern occurs when the short-term moving average (MA) breaks upwards through the long-term moving average (MA), indicating an enhancement of bullish sentiment in the market and the potential for further increases in the future.
In terms of technical indicators, ADA's 7-day moving average (MA7) has broken above the 25-day moving average (MA25), and the price remains stable above the 99-day moving average (MA99), which is a typical Golden Cross pattern. The Golden Cross is usually considered a strong signal for bulls to enter, especially at the daily level, as such signals often represent a medium to long-term upward trend.
In addition to the Golden Cross, ADA's price is also operating above multiple moving averages, and this arrangement further confirms the upward momentum. If the price can continue to stabilize above the key support level and break through recent resistance levels, it will further strengthen bullish expectations.
Currently, the support range is at 0.7500 USDT, while the resistance range is between 0.8000 USDT and 0.8200 USDT. If ADA can effectively break through this range, the next target may point towards 0.9000 USDT or even higher.
