Cardano records its first weekly golden cross - Can ADA increase by 25%?

With a 6.4% increase in the last 24 hours, the current technical indicators suggest that the fortunes of Cardano (ADA) are on the rise. Traders are paying attention to a very rare signal on the ADA/USD chart: a weekly golden cross, a strong indicator that often signals a sustainable growth trend in the near future.

First weekly golden cross

Analysis from Brownstone experts shows that Cardano has just recorded its first weekly golden cross in its history. This is a special event as the 50-week moving average crossed above the 200-week moving average, a strong indicator suggesting that buyers are gradually gaining the upper hand after a long period of sideways market. This could be a sign of a shift in market momentum, opening up bullish prospects in the near future.

Currently, the price of ADA is trading at $0.63, lower than both the 50-day MA of ( $10.66 ) and the 200-day MA of ( $10.64 ). This gap indicates that buyers need to strengthen their forces to push the price back above these important levels. However, the weekly golden cross signal creates a wave of expectation for a notable recovery in the near future.

"Has anyone seen Cardano just record its first weekly Golden Cross?"

Before a real uptrend forms, Cardano needs to reclaim important price levels such as the 34-period EMA and the 200-day MA. These are support levels that many traders see as critical checkpoints in determining the next direction of the market.

If ADA can close above $0.64, this could attract more investors and open up opportunities for the price to continue rising. Conversely, if the price drops below $0.59, selling pressure may increase significantly, pushing the price down and making it difficult for the upward trend in the short term.

Whales reemerge and accumulate ADA

One important factor that cannot be overlooked is the strong return of the "whales" in the Cardano market. According to analysis from Ali Martinez, large investors have accumulated around 120 million ADA in just the past two weeks. These addresses, each holding between 1 million to 10 million ADA, currently own a total of 5.5 billion ADA, worth approximately 3.4 billion USD at the current price.

The emergence of buying whales is often seen as a sign that large investors are very confident in the price prospects of Cardano in the near future. However, this could also pose risks, as if these whales decide to take profits, it may lead to unexpected reversals and create significant selling pressure in the market.

"Whales have bought over 120 million Cardano $ADA in the past two weeks!"

ADA Price Prediction

The weekly golden cross of Cardano is certainly a positive bullish signal, but for this trend to be truly confirmed, ADA needs to break through short-term resistance levels. Traders are paying attention to the price level of 0.66 USD on the daily chart as an important barrier. If ADA closes above this level, it is likely that there will be a strong price increase.

However, those who have entered the order may want to set a stop-loss order below the $0.59 level to guard against a rejection or unexpected reversal.

Some analysts have set specific price targets for the coming weeks. Some predict that ADA could reach $1.33, while more optimistic ones believe that the price could rise to $10 during this cycle. CoinCodex's price forecast suggests that ADA could increase by 25.8%, reaching $0.79 by August 10, 2025.

Currently, the technical indicators are leaning towards a slight bearish trend, while the Fear & Greed Index is currently at 71, reflecting a greedy market sentiment. Cardano has had 14 out of the last 30 days end in the green, with a volatility level of about 7.21%, indicating a positive outlook in the short term.

Source: CoincodexIn summary, the weekly golden cross is a positive signal for Cardano, but for this upward trend to become a reality, ADA needs to overcome short-term resistance levels and maintain momentum in the context of the overall market. Although there are many supporting factors, the development of the global market and moves from "whales" can still create strong volatility in the short term. Investors need to closely monitor and have strategies suitable for each stage of the market.

Lilly