#ADA Cardano $ADA had a strong week, gaining nearly 20% and pushing close to the $1.00 mark. The token is now trading just under that key psychological level, and one chart signal could bee interesting for traders.

According to analyst Lark Davis,$ADA has just broken a long-term resistance line that has been in place since December 2023. At the same time, the 9-day moving average has crossed above the 21-day moving average – a pattern known as a golden cross.

Why the Golden Cross Matters

The golden cross is a bullish signal that often marks the start of an uptrend. In ADA’s case, this is not the first time it has appeared. The last golden cross, which formed in late 2023, triggered an explosive 236% rally, sending $ADA Cardano from around $0.30 to nearly $1.00 within weeks.

Now, traders are watching closely to see if history might repeat itself.#BulishIPO