Cardano Price Prediction: ADA Historical Weekly Golden Cross Pattern Emerges, Whale Get on Board Accumulating, Rebound Imminent?

Cardano (ADA) technical indicators are sending positive signals. **Traders have identified a rare weekly golden cross pattern on the ADA/USD chart. A golden cross pattern typically occurs when a shorter-term moving average crosses above a longer-term moving average, often viewed as a signal of buyers gaining an advantage in the Crypto Assets Technical Analysis after months of sideways movement.

As of July 10, when this article was published, Gate.io market shows that ADA is currently priced at 0.6226 USD, with a 24-hour increase of 5.81%.

🟢 First weekly golden cross in history: turning point for long-term trend?

Analyst Mr. Brownstone pointed out that Cardano has just recorded its first-ever weekly golden cross pattern, with its 50-week MA successfully crossing above the 200-week MA. This is undoubtedly an important crypto assets bull market signal for the long-term price trend of ADA.

📊 Short-term resistance remains: Key levels need to be broken through

The current trading price of ADA is approximately $0.60, still below its 50-day MA ($0.66) and 200-day MA ($0.64). This price gap indicates that ADA bulls need stronger momentum to push the price back above these key resistance levels. Nevertheless, the weekly golden cross pattern, a bullish technical indicator, still leads many market participants to anticipate an upcoming ADA bullish trend.

Analyst MasterAnanda's assessment indicates that for ADA to establish a true upward trend, it may first need to effectively reclaim its 34-period Exponential Moving Average (EMA) and the key 200-day Moving Average (MA). These two levels are regarded by many traders as important ADA support and resistance levels, serving as key observation points for market development.

• Key Resistance Level: If the ADA daily close can effectively break through $0.64 (200-day MA), it may attract new buyers to enter the market, providing momentum for ADA price rebound.
• Downside Risk Level: Conversely, if the price falls below the $0.59 support level, it may trigger more Crypto Assets selling pressure.

🐋 Whale Returns to Accumulate: Increased Confidence Among Big Players?

On-chain analyst Ali Martinez observed that over the past two weeks, Cardano whales' addresses (holding between 1 million to 10 million ADA each) have accumulated approximately 120 million ADA. Currently, these crypto asset holders collectively hold about 5.5 billion ADA, which is worth around 3.3 billion USD at the current price.

Whale Movements are often seen as indicators of market confidence. When these large holders begin to accumulate Crypto Assets, it often indicates that they expect prices to rise. However, investors should also be cautious, as whales taking profits can also lead to a rapid price reversal.

🔮 ADA Price Prediction and Market Sentiment

Recently, there have been various ADA target price forecasts in the market:

• Some analysts expect ADA to rise to $1.33.
• A more optimistic view suggests that, during this market cycle, ADA** may reach $10**.
• The price prediction website CoinCodex pointed out that according to its model, by August 8, 2025, the ADA price may rise by 25% to $0.74.

The overall technical indicators for the current Crypto Assets market lean towards neutral to bearish. The Crypto Assets Fear and Greed Index is currently at 59 (neutral). According to prediction site data, Cardano has risen on 14 out of the past 30 trading days, with a price volatility of approximately 7.54%.

📈 Outlook and Operational Strategy

The first-ever weekly golden cross pattern of Cardano undoubtedly serves as a strong long-term bullish signal. However, in the short term, the price still needs to overcome the resistance above.

• Traders seeking confirmation: You can patiently wait for ADA to successfully close above $0.66 (MA) on the daily chart, as a clearer buy signal.
• Investors with existing positions: Consider setting a stop-loss order below $0.59 to guard against the risk of a price breakout failure.

With whale activity becoming active again and the long-term price target range being broad ($1.33 - $10), Cardano is undoubtedly back on investors' radar. However, the overall crypto assets market trend, especially the Bitcoin (BTC) price movement, will still be the key factor determining whether the momentum of ADA's current rise can sustain.