Cardano Forms Golden Cross as ADA Price Rises 4.84%
Cardano (ADA) is experiencing a recovery, marked by a price increase to $0.9128, which is a 4.84% rise. This growth has allowed ADA to surpass a significant descending trendline, indicating a potential structural shift in its market behavior.
- Market cap: $32.72 billion
- 24-hour trading volume: Increased by 77.88%, now at $2.25 billion
- A golden cross has formed on the daily chart, with the 50-day MA crossing above the 200-day MA, suggesting a bullish trend.
Recent whale activity saw sales of over 140 million ADA ($120 million), potentially supporting a short-term breakout to $1 and a mid-term target of $1.3.
Meanwhile, Bitcoin Hyper (HYPER) presale has raised $16.6 million, offering a 69% staking reward. Current price is $0.012935. Participation options include ETH, BNB, USDT, or credit card.