Cardano (ADA) Forms Golden Cross: Details
Cardano has enjoyed price increase since weekend...
- Cardano (ADA) has formed a golden cross on its daily chart, indicating a long-term bull market.
- Traders are watching to see if Cardano can sustain its recent advance and mark its third consecutive day of gains.
- After a death cross pattern in June, Cardano saw a pump to highs of $0.38 before a correction.
- The next target for Cardano is $0.409, and if crossed, it might reach $0.46.
- If the price falls below $0.35, it could drop below $0.32, suggesting a range trading between $0.24 and $0.38.
- Cardano has gained 6.16% in the last 24 hours and 6.79% in the last seven days.
- Digital asset investment products saw inflows of $176 million last week, with Cardano receiving inflows.
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The sentiment of the article is mostly positive, highlighting the formation of a golden cross and the potential for Cardano to sustain its recent gains.