Cardano

Major

bullish

TOLY’S DOG

<p>Cardano (ADA) could be nearing a key bullish reversal, according to trader and analyst Lark Davis, who highlighted that the altcoin is about to print a daily MACD golden cross below zero, a signal that historically preceded a 60% rally.</p>
<p>In a <strong><a href="https://x.com/TheCryptoLark/status/1980265281348915260?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1980265281348915260%7Ctwgr%5E11a68c780bd8e38c737d0179105a5229980b549f%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoincentral.com%2Fcardano-nears-golden-cross-history-suggests-60-upside-potential%2F" rel="noopener noreferrer nofollow">post</a></strong> shared on October 20, Davis noted that the last time Cardano flashed this pattern, it climbed sharply within weeks. “$ADA is about to print a daily MACD golden cross below zero. The last time this happened, Cardano pumped over 60%,” he wrote. However, he warned that ADA still faces strong resistance between $0.74 and $0.77, coupled with a downward trendline that has capped every rally since August.</p>
<p><img src="https://www.ethnews.com/wp-content/uploads/2025/10/G3tQxzdXQAAR6o5.png" alt="" width="1199" height="530"></p>
<p>According to CoinMarketCap <strong><a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer">data</a></strong>, ADA is trading at $0.6624, down 4.7% over the past week, with a 24-hour trading volume near $1.1 billion and a market capitalization of $23.7 billion. The recent pullback reflects hesitation across altcoins as Bitcoin consolidates near $107,000. ADA’s price briefly tested $0.69 before retracing, suggesting traders remain cautious ahead of a potential breakout attempt.</p>
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<p>Technical indicators align with Davis’s analysis: the MACD histogram is tightening toward a bullish crossover, while RSI levels show room for upside momentum. If ADA breaks above the $0.77 resistance zone, analysts anticipate a run toward $0.90–$1.00, levels not seen since early summer.</p>
<p><strong><a href="https://www.ethnews.com/cardano-powers-eus-new-digital-product-passport-system-for-sustainability-and-transparency/" rel="noopener noreferrer nofollow">Cardano</a></strong> remains one of the top Layer-1 blockchain projects by market cap, continuing to expand its ecosystem with decentralized finance (DeFi) integrations and governance upgrades through the Voltaire phase.</p>
<p>For now, traders are watching whether the upcoming MACD golden cross can trigger renewed momentum, or if ADA’s long-term downtrend will continue to weigh on the market.</p>
<p>The post <a href="https://www.ethnews.com/cardano-poised-for-major-move-as-macd-golden-cross-forms-analyst-says/" rel="noopener noreferrer nofollow">Cardano Poised for Major Move as MACD Golden Cross Forms, Analyst Says</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Cardano Poised for Major Move as MACD Golden Cross Forms, Analyst Says

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