Cardano Charts Shatter All-Time Records—Here’s Why It Matters

Cardano's price action just pulled off a historic first—and the crypto world is buzzing.

The breakout no one saw coming

ADA's charts just violated a pattern even veteran traders missed. No fancy indicators, no hopium—just raw market structure flipping bullish.

Why this isn't your average pump

Unlike those meme coins that rise on celebrity tweets (looking at you, Wall Street Bets), Cardano's move comes on legitimate network upgrades and swelling developer activity. The kind of stuff that actually moves needles—not just Twitter metrics.

The cynical take?

Sure, the charts look pretty. But let's see if the 'Ethereum killer' narrative holds when Bitcoin inevitably sneezes and altcoins catch pneumonia. Again.

First Ever Weekly Golden Cross

According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line.

ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish MOVE ahead.

Anyone else notice that cardano just had it’s first Weekly Golden Cross ever?pic.twitter.com/d7gvWQfN1Z

— Mr Brownstone (@GunsRoses1987) July 9, 2025

Price Levels To Watch

Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints.

If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure.

Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices.

When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits.

Whales bought over 120 million Cardano $ADA in the last two weeks! pic.twitter.com/HOjvzB6fqd

— Ali (@ali_charts) July 8, 2025

Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025.

Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site.

Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart.

Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar.

However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick.

Featured image from Meta, chart from TradingView