Cardano has just made history on its price charts, printing its first-ever weekly golden cross — a rare technical signal that could mark the start of a bullish shift for ADA.

Despite slipping about 1.54% in the past 24 hours, Cardano’s latest technical milestone has traders watching closely. Analyst Mr. Brownstone confirmed that ADA’s 50-week moving average has crossed above its 200-week moving average for the first time, an event that often signals a shift in trend after months of sideways action.

At the time of writing, Cardano (ADA) is trading at $0.60, still under both its 50-day moving average of $0.66 and its 200-day moving average at $0.64. This gap shows that buyers still have work to do to reclaim important levels that could confirm an uptrend.

MasterAnanda, another prominent analyst, says ADA must close above its 34-period EMA and the 200-day MA to convince more traders that a sustained breakout is possible. If ADA manages to break through $0.64, analysts believe more buyers will step in, pushing prices higher. However, a drop under $0.59 could trigger renewed selling pressure and a deeper pullback.

Adding fuel to the optimism, whale activity is on the rise again. Ali Martinez highlighted that large addresses holding between 1 million and 10 million ADA accumulated roughly 120 million ADA in the last two weeks alone. These big holders now control about 5.5 billion ADA, worth roughly $3.3 billion at current prices.

Big wallets piling in often signal confidence in higher prices ahead, but history shows whales can just as quickly lock in profits, which could create short-term volatility.

Looking ahead, forecasts remain mixed but lean bullish over the medium term. CoinCodex predicts ADA could rise 25% to $0.74 by August 8, 2025. Some analysts are calling for a move back to $1.33 in this cycle, while ultra-bullish calls of $10 persist in certain circles.

Technical indicators, however, still show mixed signals. The Fear & Greed Index sits at 59 (Neutral), and Cardano has closed green on 14 of the last 30 days, with average volatility around 7.54%.

Traders aiming to ride this potential wave are watching for ADA to close daily candles above $0.66 for confirmation. Stop-loss levels below $0.59 are being discussed to manage downside risk if the golden cross fails to hold momentum.

As always, ADA’s path forward will likely depend on broader crypto market sentiment and whether Bitcoin can maintain its bullish footing.

The post appeared first on CryptosNewss.com
#Cardano #ADABullish $ADA