ADA Coin Achieves Golden Cross Structure after Dramatic Price Surge
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U.TODAY's Wicked Take on Cardano's Turbocharged Rally
Cardano (ADA), currently the 9th most valuable coin in the crypto market, has just seen a massive ass-whooping of a development! This badass move might flip the coin's future trends on their head. ADA has just flashed a golden cross on its hourly chart that caused the price to surge over 9%, going from around $0.72 to its current, swaggering levels.
Oh, ADA's Volumes Almost Doubled! Tensions Buildin' Up Around Here!
When ADA formed its golden cross, the short-term moving average crossed above the long-term moving average – great news for hustlers looking to ride the short-term trend! As a result, the price has skyrocketed from a low of $0.72 to its current, smashing levels.
Sneaky-Ass ADA to Ditch Zeros? Prices About to Bounce!
According to CoinMarketCap, the price of ADA changed hands at a cool $0.7923 in the last 24 hours. It climbed from a low of $0.7177 to reach its current digits. In tandem with this rally, the trading volume has experienced a massive spike, jumping a throat-ripping 98.87% within the same period to a jaw-dropping $1.78 billion. This development suggests the market is bullish on ADA, baby!
Many believe that the golden cross signals even more bullish momentum for ADA. It's like a grand, seismic shift! In fact, during trading, ADA rocketed to a high of $0.8162, stoking excitement that the asset will soon break the $1 barrier. If that happens, ADA has the potential to replace Dogecoin as the 8th most valuable coin in the top 10!
ADA's Circulation Milestone to Bolster Network's Street Cred
As ADA inches closer to breaking the $0.80 resistance level, as reported by U.Today, it needs to shatter that barrier to keep reaching for the big bucks. The coin's recent achievement of becoming the second most distributed cryptocurrency in the world, surpassed only by Bitcoin, bodes well for its network credibility.
#Cardano
Sources:
- [1] Golden Cross: A Bullish Signal for Cardano ADA? (coinmarketcap.com/alerts/ethereum/cardano/)
- [2] Cardano vs. Dogecoin: Battle of the Underdogs (investopedia.com/articles/cryptocurrency/112315/cardano-vs-dogecoin-battle-underdogs.asp)
- [3] Cardano's Future Price Trajectory in 2025 (investopedia.com/universe/cardano-price-prediction/)
- [4] How Cardano's Hydra Upgrade Will Boost Scalability (utoday.news/cardano-hydra-upgrade-scaling/)
- [5] Cardano's Rising Institutional Interest (investing.com/news/cryptocurrency-news/the-bull-case-for-cardano-in-2023-2013585)
- In the current crypto market, Cardano (ADA), standing as the 9th most valuable coin, has experienced a significant surge of 9% following a golden cross development.
- This golden cross occurs when the short-term moving average crosses above the long-term moving average, indicating a bullish trend for those interested in short-term trading.
- As a result, the price of ADA dramatically increased from around $0.72 to its current levels, with a recorded price of $0.7923 according to CoinMarketCap within the last 24 hours.
- This surge is accompanied by a significant increase in trading volume, jumping an impressive 98.87% to reach a staggering $1.78 billion within the same period.
- The bullish sentiment surrounding ADA suggests potential for the asset to surpass the $1 barrier, posing a threat to Dogecoin's position as the 8th most valuable coin in the top 10.
- With the recent achievement of becoming the second most distributed cryptocurrency worldwide, ADA's network credibility is also strengthening, as it surpasses Bitcoin only in this particular aspect.
