Cardano (ADA) Just Had Its First Weekly Golden Cross Ever. Here’s the Significance
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Cardano (ADA) has just recorded its first-ever weekly golden cross, a rare and powerful technical event that could mark the beginning of a long-term bullish trend. The development was brought to attention by crypto analyst Mr Brownstone, who highlighted the significance of this signal in a recent post on X. A golden cross occurs when a shorter-term moving average, typically the 50-period, crosses above a longer-term moving average, such as the 200-period. While golden crosses on daily charts are relatively common, a golden cross on the weekly timeframe is far more impactful. It suggests a structural shift in market sentiment, favoring long-term bullish momentum over transient price action. Currently, ADA trades just under the two critical averages: the 50-week at approximately $0.663 and the 200-week at $0.643. The fact that these levels are converging, and that the 50-week is now moving above the 200-week, signals a broader trend reversal after more than two years of decline since ADA’s all-time high in 2021. Anyone else notice that Cardano just had it’s first Weekly Golden Cross ever? pic.twitter.com/d7gvWQfN1Z — Mr Brownstone (@GunsRoses1987) July 9, 2025 Momentum Confirmed by Whale Accumulation Supporting this bullish technical structure is strong on-chain activity. Analysts report that large ADA holders, commonly referred to as whales, have accumulated approximately 120 million ADA (valued at around $3.3 billion) in recent weeks . These large investors, who typically hold between 1 million and 10 million ADA, often lead major market trends and suggest growing confidence in Cardano’s long-term prospects. This accumulation has coincided with steady price support and a rebound in trading volume, reinforcing the idea that institutional participants may be positioning ahead of a broader market move. Other Technical Indicators Align In addition to the golden cross, other technical indicators are flashing green. The MACD (Moving Average Convergence Divergence) on the weekly chart is showing signs of a bullish crossover. At the same time, ADA remains positioned above the Ichimoku Cloud, another key signal of upward momentum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 These aligned indicators strengthen the case for sustained gains if Cardano can break through and hold above major resistance levels between $0.70 and $0.74. Such a move could confirm the golden cross as a lasting structural shift, not just a temporary anomaly. Risks and Resistance Despite the excitement, analysts caution that golden crosses can sometimes be short-lived, especially in volatile markets. If ADA fails to hold above key support zones and falls below the moving averages, a reversal could trigger a death cross, where the 50-week drops back below the 200-week. A failure to break through resistance might lead to a pullback toward $0.66 or $0.60, dampening the bullish narrative. Traders are closely watching for consistent weekly closes above the 200-week average to confirm the breakout. Cardano’s first-ever weekly golden cross marks a potential turning point in ADA’s long-term price trajectory. Backed by whale accumulation, favorable momentum indicators, and renewed interest in the altcoin, this technical milestone could signal the start of a major bullish cycle, provided ADA can overcome key resistance and maintain its upward momentum. For investors and traders alike, this is a moment worth watching closely. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Cardano (ADA) Just Had Its First Weekly Golden Cross Ever. Here’s the Significance appeared first on Times Tabloid .

Source: TimesTabloid