Cardano has observed the formation of a golden cross, with its 50-period moving average moving above the 200-period moving average.
Historical Rally After Previous Signal
According to market analyst Crypto Deezy, the last time ADA formed this golden cross was in December 2024. After this, it rallied about 237% in 27 days. That move lifted the price from below $0.40 to more than $1.40. Notably, data from TradingView corroborates this value, showing a move of 0.92746 in value.
Meanwhile, at press time, ADA is trading at $1.01, gaining more than 19% and 35.4% in the past day and month, respectively.
Deezy noted that applying the same percentage increase as the 2024 rally would bring ADA close to $3 in the next 27 days. The chart’s second measurement box supports this projection, showing a potential move of 2.03371 points in value, or roughly 236%. A rally to this price will bring ADA close to its all-time high of $3.10 recorded in 2021.
What’s Next for Cardano?
Data from TradingView highlights that Cardano is showing strong bullish momentum after breaking market structure to the upside and reclaiming the Point of Control (POC) on the 2-day chart.
ADA has now moved above its value-area low and is targeting the higher-timeframe resistance at $1.19, with the swing high at $1.3264 as a potential next objective. The chart highlights a triple-bottom formation at the $0.49 support zone, confirming it as a key level for bulls to defend.
Holding above the POC and value-area high could pave the way for continued upside, while a drop back below $0.49 would invalidate the bullish outlook.
How High Can Cardano Go?
In a separate disclosure, prominent analyst Ali Martinez said Cardano could reach $1.50 if the price clears key resistance at $0.94. His chart shows an inverse head-and-shoulders pattern with the neckline at $0.94, where a breakout could fuel moves toward $1.20 and $1.50. Notably, Cardano now trades above the neckline.
Meanwhile, analyst Christopher Visser is particularly more bullish. He suggested that Cardano is nearing a breakout after four years of consolidation, backed by bullish MACD crossovers and a rare six-hour Bollinger Band squeeze.
He sees strong support at $0.73–$0.74 and thin resistance above, with a potential long-term target of $3.91, over 350% above current prices and beyond its $3.1 all-time high.
Similarly, analyst Dan Gambardello revealed that Cardano’s setup and risk score match December 2020, before ADA’s run to $3.09, and projects a possible move toward $3, a 197% gain from current levels.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
