Cardano MACD Golden Cross Below Zero Signals ADA Rally
Cardano (ADA) has formed a rare MACD golden cross below zero on its daily chart, a bullish indicator historically leading to over 60% price gains. After a brief 4% pullback, the MACD golden cross is confirmed as the histogram stands at -0.0073 and the RSI nears oversold at 39.4. Key resistance lies at $0.74–$0.77 and the 50-day SMA around $0.80; clearing these levels could trigger a rally toward $1.02–$1.04. On the downside, a drop below $0.60 may open a retest of $0.50. Meanwhile, Emurgo and Gero Wallet are launching ADA payment cards, and investors await the SEC’s decision on the Grayscale Cardano Trust ETF (GADA).
Bullish
Cardano’s formation of a MACD golden cross below zero is historically a strong bullish signal, often preceding significant rallies in ADA’s price. The confirmation of waning bearish momentum, alongside oversold RSI levels, suggests a favorable setup for buyers. The specified resistance zones at $0.74–$0.77 and near the 50-day SMA at $0.80 represent key breakout levels; surpassing these could catalyze a rally toward $1.02–$1.04 in the short to mid term. Additionally, the launch of ADA payment cards and anticipation of the Grayscale Cardano Trust ETF decision may attract further investor interest and liquidity. However, failure to hold above $0.60 could negate the bullish outlook in the near term.