Cardano (ADA) has recorded a strong price surge in the past 24 hours, climbing from $0.6856 to above $0.72. The rally follows the formation of a golden cross on its daily chart, a bullish technical signal that indicates potential for further gains.
The golden cross appeared as the 9-day moving average crossed over the 20-day moving average. This setup often suggests a shift toward longer-term bullish momentum, drawing fresh interest from traders and investors.
Trading volume around ADA has also spiked, rising by 49.17 percent to $757.95 million. The increase in activity highlights growing confidence among market participants. At the time of writing, Cardano is priced at $0.7169, posting a 3.33 percent gain in the last 24 hours.
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Cardano Targets $1 Milestone Following Strong Technical Setup
ADA’s immediate resistance lies at $0.7289, a key level that could determine its next move. A successful breakout could open the path toward the $0.76 zone, strengthening bullish sentiment around the asset.
Analysts believe that sustained momentum might allow ADA to challenge the important $0.82 resistance. Clearing this level would bring the $1 psychological mark within reach, a milestone that could trigger even stronger buying interest.
The combination of rising daily trade activity and technical market signals generates positive speculation about Cardano’s upcoming performance. ADA keeps accelerating its growth speed which leads traders to believe the $1 milestone could be reached ahead of earlier anticipated timescales.
Analysts currently examine how Cardano will overcome its significant resistance thresholds. The breakdown of the $0.82 resistance point would kickstart a quick journey towards $1 which signifies substantial market movements will occur.
The golden cross formation on Cardano has revived bullish expectations which has ADA focusing on breaking through the $1 price level. Strong market engagement together with strength in breaking resistance will likely accelerate the price movement toward its important psychological target.
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