Cardano (ADA) is gaining momentum in the crypto market, with technical indicators like the nearing golden cross and rising whale accumulation suggesting a bullish breakout. ADA has surged 16% in the past week, trading around $0.72, as over $16 million worth of ADA moved into cold storage—a sign of long-term holding. Analysts forecast potential price targets of $1 to $4 if bullish trends persist, supported by positive technical signals like the Bollinger Band Trend and Directional Movement Index. Market sentiment remains optimistic, with resistance levels at $0.77 and $1.10 acting as key breakout points. Meanwhile, Bitcoin’s performance near $92,000 could also influence ADA’s trajectory.
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