Cardano (ADA) Forms Golden Cross: Details


20 Nov 2023 12:55 PM

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.

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.

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You May Ask

What is a golden cross and why is it considered a bullish indicator?What happened to Cardano after the formation of its death cross in June?What is the next target price for Cardano and what could happen if it is crossed?What is the potential range for Cardano's price if it falls below $0.35?

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