- Cardano just printed its first-ever golden cross on the weekly timeframe, a strong bullish signal.
- Whales accumulated 120 million ADA over two weeks, signaling renewed confidence in ADA’s future price.
- Analysts forecast a rally toward $1.33 or even $10, provided Cardano breaks above key moving averages.
Cardano may be down 2% in the last 24 hours, but optimism is rising thanks to a compelling technical pattern that’s flashing for the first time ever. A popular crypto analyst has pointed to a bullish indicator forming on Cardano’s weekly chart—an event that could be the precursor to a powerful price surge.
First-Ever Golden Cross on the Weekly Chart
According to analyst Mr. Brownstone, Cardano has just printed its first-ever golden cross on the weekly ADA/USD chart. This technical pattern occurs when a short-term moving average, such as the 50-day, crosses above a long-term moving average like the 200-day—often seen as a strong bullish signal. While ADA is currently trading at $0.597, it still sits below both moving averages at $0.663 and $0.643 respectively, leaving room for further gains once those levels are reclaimed.
Analyst MasterAnanda previously suggested that ADA needs to retake the EMA34 and MA200 to truly kick off a rally. With this new golden cross forming, many believe a price move to $1.33—or even $10 according to Dan Gambardello—is within reach.
Whale Activity Reinforces Uptrend Hopes
Backing up this technical momentum is renewed whale activity. Analyst Ali Martinez noted that whales holding between 1 million and 10 million ADA have scooped up 120 million tokens over the past two weeks. These large holders now command a staggering 5.5 billion ADA, valued at approximately $3.3 billion.
Historically, such buying behavior from major players has foreshadowed significant rallies. With the golden cross in place and whales re-engaging, many traders see this as a green light for an upcoming Cardano breakout.
Final Thoughts
Cardano appears to be setting the stage for a major bullish run. With the first-ever weekly golden cross, renewed whale accumulation, and multiple analysts highlighting significant upside potential, momentum is building fast. While ADA still needs to reclaim key resistance levels to confirm the trend, the technical and on-chain signals are pointing in the right direction.
