- Cardano (ADA) is gaining bullish momentum with a rising ADX and a potential golden cross signaling a strong upward trend.
- However, cautious whale activity and key support levels will determine if the rally can sustain.
Cardano (ADA) is gaining bullish traction after a 19% price surge this past week, pushing its market cap to $23 billion and sparking renewed optimism among investors. The recent upswing coincides with a sharp rise in the Average Directional Index (ADX), now at 25.97—signaling a shift from consolidation to a more defined upward trend.
The ADX, a popular technical indicator that measures trend strength (not direction), shows that ADA may be entering a sustained uptrend phase. A reading above 25 suggests the trend is strengthening, and ADA’s jump from 17.41 to 25.97 in just two days highlights a clear increase in bullish momentum.
Whales Start Accumulating – But Caution Still Lingers
Large holders of ADA—often called “whales”—appear to be dipping their toes back in the market after a steady decline in activity. Wallets holding between 1 million and 10 million ADA dropped to a 14-month low of 2,384 earlier this month, but have since ticked up slightly to 2,389.
While the rebound is modest, it may signal early-stage accumulation. Still, the low overall whale presence suggests some hesitation among major players, which could limit near-term upside unless accumulation picks up pace.
Golden Cross Could Spark ADA’s Next Rally
Perhaps the most exciting technical development is the pending golden cross—a bullish chart pattern that forms when the 50-day EMA crosses above the 200-day EMA. If confirmed, this crossover could propel ADA toward key resistance at $0.709, with a breakout potentially leading to $0.77.
However, ADA is not out of the woods yet. It’s currently hovering above crucial support zones at $0.629 and $0.61. A break below these could erase current gains and drive Cardano back to $0.51.
Cardano Breakout Depends on Volume and Whales
With bullish technical signals emerging and a golden cross on the horizon, Cardano has a real shot at breaking higher. But the rally’s sustainability may hinge on increased volume and deeper whale accumulation. For now, ADA is holding its ground—and all eyes are on its next move.