- Cardano just printed its first-ever golden cross on the weekly chart—a bullish technical milestone.
- Whale wallets have scooped up 120 million ADA in two weeks, signaling confidence in a price move.
- Analysts eye targets ranging from $1.33 to as high as $10, but a breakout above key moving averages is still needed to confirm momentum.
Cardano might be down a couple percent over the past day, but things are heating up under the surface. While it’s been trading quietly around $0.59, one analyst thinks we’re staring down the barrel of something much bigger. Why? Well, ADA just triggered something it’s never done before—on the weekly chart no less.
A Golden Cross That’s Never Happened Before
So here’s the deal. An analyst who goes by Mr. Brownstone on X just pointed out that Cardano has printed its very first golden cross on the weekly timeframe. If you’re not deep into charts, a golden cross basically means a shorter moving average (like the 50-day) has moved up above a longer one (usually the 200-day). And that’s considered—well, pretty bullish.
This type of crossover is often seen as a turning point. Think of it like the market whispering, “Alright, we might be done bleeding for now.” And with Cardano sitting under those averages still—currently at $0.663 and $0.643—the setup looks like it’s just getting started.
Interestingly, another analyst, MasterAnanda, chimed in a while back saying ADA needs to reclaim the EMA34 and the MA200 to properly flip bullish. And now, that golden cross is kinda making that whole thesis look more plausible.
No exact targets were thrown around by Mr. Brownstone, but some folks are already shooting their shot. Arman Shaban sees $1.33 as a fair target, and Dan Gambardello? He’s got his eyes set on $10 for this cycle. Yeah, ten bucks. Take it or leave it.
Big Wallets Are Buying Again (Yep, Whales Are Back)
As if that golden cross wasn’t enough, the whales have re-entered the chat. According to analyst Ali Martinez, the big boys holding 1 to 10 million ADA have scooped up a fresh 120 million tokens just in the past two weeks. That brings their total stash to 5.5 billion ADA—worth about $3.3 billion. Not exactly pocket change.
These wallets usually don’t buy for no reason. When whales start stacking, it usually means they smell something cooking. And historically, this kind of buying spree tends to show up right before a price push.
Is This Finally ADA’s Moment?
So you’ve got a rare technical signal, renewed whale interest, and a bit of chart buzz building up. No one’s promising fireworks tomorrow—but the stars do seem to be aligning for Cardano. If momentum keeps building and ADA breaks back above those moving averages, we might just be at the start of a pretty decent move.
Still, it’s crypto. Could go up, could go sideways, could do a backflip into $0.40. But right now? The setup is looking better than it has in a long while.
