Cardano (ADA) Makes History with its First Weekly Golden Cross!

Jakarta, Pintu News – The cryptocurrency market is always full of interesting dynamics, and this time, Cardano (ADA) has shown very positive signals. With the first weekly golden cross in its history, many analysts and investors are starting to look back at this digital asset as a promising investment opportunity.

Golden Cross: The Beginning of Cardano’s Resurgence

A golden cross occurs when the short-term moving average crosses above the long-term moving average, and this just happened on the weekly chart of Cardano (ADA). According to analyst Mr. Brownstone, this is the first time Cardano has recorded a weekly golden cross, with the 50-week moving average surpassing the 200-week line.

Although the price of ADA is currently at $0.60, still below the 50-day and 200-day moving averages, this signal shows the potential for increased buyer strength after a long stagnant period. With this golden cross, many are predicting a bullish movement in the near future. However, ADA still needs to show the ability to break the key levels above it in order to start a true uptrend.

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Price Levels to Watch

According to MasterAnanda’s analysis, ADA needs to reclaim its 34-period exponential moving average and 200-day moving average before a strong uptrend can form. These levels are often used by traders as checkpoints. If ADA can close above $0.64, it could attract new buyers.

Conversely, a drop below $0.59 might trigger more selling pressure. Monitoring these levels is crucial to determine the direction of the next price movement. Investors and traders will be paying close attention to whether or not ADA can maintain its momentum above these critical levels.

Whale Activity and Price Predictions

Ali Martinez, an analyst, noted that large holders have raised around 120 million ADA in the past two weeks. These addresses, which each hold between 1 million and 10 million ADA, now control around 5.5 billion ADA-worth about $3.3 billion. When large wallets start accumulating, it often indicates confidence that the price will rise.

However, this could also lead to a quick sell-off if they decide to take profits. Several price targets have emerged recently, with some analysts predicting ADA could rise to $1.33, while others think $10 is within reach this cycle. Price predictions by CoinCodex show a 25% increase to $0.74 by August 8, 2025.

Conclusion and Next Steps

Despite bullish signals from the weekly golden cross, Cardano (ADA) still needs to cross some short-term hurdles. Traders looking for confirmation might wait for ADA to close above $0.66 on the daily chart. Those who are already in position might set a stop-loss below $0.59 to avoid rejection.

With increased whale activity and varied long-term targets, Cardano is once again in the spotlight of investors. However, broader market trends, especially Bitcoin (BTC) movements, will likely determine whether ADA’s momentum can hold.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Cardano Charts Just Did Something They’ve Never Done Before. Accessed on July 11, 2025