Cardano’s price has dropped by about 1.5% in the last day. However, signs point to a turnaround in its fortunes. The traders have noticed a very rare weekly golden cross On the ADA/USD Chart. This occurs when the shorter moving average crosses over the longer. This can indicate that the buyers have gained control after several months of flat prices.
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The First 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. This gap indicates that bulls will need to use more force in order to get the price above important levels. The weekly signal is still leading many to predict a positive move.
Cardano has just celebrated its first Golden Weekly Cross. 📈🚀 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. These levels are used by many traders as checkpoints.
If ADA ends above $0.64 it may attract new buyers. A drop below $0.59 could trigger increased selling pressure.
The Whales return to Accumulate
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.
If big-ticket purchases are made, this often indicates that the market is confident about future prices. This can cause a rapid flip if investors decide to cash in on their gains.
Whales buy over 120 Million Cardano $ADA In the past two weeks? pic.twitter.com/HOjvzB6fqd
— Ali (@ali_charts) July 8, 2025
Cardano: Sentiment and Forecasts
In the last few weeks, a number of price targets emerged. Some analysts predict ADA will climb to $1.33. Others think that $10 can be achieved 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 saw 14 of its last 30 trading days finish in green. The volatility was around 7.54%.
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Next Steps and Outlook
Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders who are looking for confirmation can wait until ADA closes above $0.66 per day on the 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.
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Source: www.newsbtc.com
