Cardano Approaching MACD Golden Cross, Potential Rally to $0.9
The price of Cardano (ADA) has decreased by approximately 4%, currently trading at $0.6441, amid a broader cryptocurrency market downturn.
- Despite the decline, there is optimism based on historical data and the MACD indicator suggesting a potential recovery.
- Crypto analyst Lark Davis notes the possibility of a "MACD golden cross," which previously led to a 60% increase in ADA's price.
- For ADA to rally, it needs to surpass a resistance zone between $0.74 and $0.77.
Meanwhile, Bitcoin Hyper (HYPER), a Layer-2 BTC project, has raised $24.43 million in its presale, priced at $0.013145 per token.