Cardano ADA’s Golden Cross Hints at $3 Rally Amid Bullish Momentum
Cardano (ADA) is showing strong bullish signals as its 50-period moving average crosses above the 200-period moving average, forming a golden cross—a classic indicator of potential upward momentum. Currently trading at $1.01, ADA has surged 19% in the past day and 35.4% over the last month. Analysts are drawing parallels to December 2024, when a similar pattern preceded a 237% price explosion in just 27 days, taking ADA from $0.40 to $1.40. With historical trends and technical analysis pointing to another major rally, experts like crypto Deezy suggest ADA could be gearing up for a run toward $3. Investors are closely watching this development as Cardano continues to solidify its position in the crypto market.
Cardano's Golden Cross Signals Potential Rally to $3
Cardano (ADA) has formed a golden cross pattern, with its 50-period moving average crossing above the 200-period moving average—a bullish technical indicator. Historical data suggests significant upside potential. The last occurrence in December 2024 preceded a 237% surge within 27 days, propelling ADA from $0.40 to $1.40.
Currently trading at $1.01, ADA has gained 19% daily and 35.4% monthly. Analyst crypto Deezy projects a similar 236% rally could push the token toward $3, nearing its 2021 all-time high of $3.10. TradingView data confirms bullish momentum, with ADA breaking market structure and reclaiming key levels on the 2-day chart.
The next resistance levels lie at $1.19 and $1.3264. Market structure now favors bulls, with the Point of Control reclaimed and value-area low surpassed. This technical setup mirrors December's precursor to triple-digit gains.
Cardano Permabull Explains Why ADA May Surge to $3
Cardano has broken a long-term descending trendline, with analyst Dan Gambardello noting its risk score has returned to the same level as December 2020, when ADA began its last major rally.
In a video analysis, Gambardello highlighted that the current setup mirrors the 2020-2021 bull cycle, where ADA surged from below $0.154 to an all-time high of $3.09. The cryptocurrency now trades at $1.01, marking an 18.4% daily gain and a 35% weekly increase.
Technical indicators show ADA trading above both the 50 MA and 200 MA, signaling improving momentum. The breakout above the $0.532 resistance level and the risk score of 44—identical to December 2020—suggest potential for further upside.
Cardano Breaks Long-Term Trendline as Analysts Eye Potential $3 Surge
Cardano has shattered a multi-year descending trendline, propelling its price above the psychologically significant $1 mark. The breakout mirrors December 2020's technical setup that preceded ADA's historic rally to $3.09, according to cryptocurrency analyst Dan Gambardello.
The digital asset has surged 18.4% in 24 hours and 35% weekly, now trading comfortably above both the 50-day and 200-day moving averages. This technical positioning suggests growing bullish momentum, with Gambardello noting ADA's risk profile now matches pre-rally conditions observed during previous market cycles.
Market participants are particularly watching the $0.532 level, which served as a critical breakout point. The current price action represents Cardano's first sustained MOVE above this long-term resistance trendline that constrained price action throughout 2023 and early 2024.
Cardano Recovery Gains Strength — Analysts See $5 in Sight
Cardano's ADA has surged past the $1 resistance level, marking a significant recovery from last week's low of $0.75. Institutional confidence appears to be growing, with Grayscale filing for a cardano Trust ETF in Delaware. Traders are now eyeing short-term targets of $1.30, while some analysts project a long-term rally toward $5.
Meanwhile, MAGACOIN FINANCE is emerging as a dark horse in the altcoin space. The project is gaining traction among investors seeking long-term growth opportunities, with some positioning it as a cornerstone portfolio asset for the next decade.
The breakout above $1 represents a technical and psychological milestone for Cardano. Resistance at this level had previously capped gains for months. Elite trader Lucky's $1.30 short-term target appears increasingly plausible, with the $5 projection gaining credibility as institutional adoption grows.
