The post Cardano Price Retains Golden Cross Amid Developer Shift appeared on BitcoinEthereumNews.com.

Cardano price has retained most of its gains over the past 24 hours as the broader altcoin season remains in play. With the rally of the past few days, ADA has pared off some of the losses it has recorded on different timeframes. The coin has also trimmed its Year-to-Date (YTD) loss to 10.03% as of writing. Cardano Price and the Golden Cross Setup Data from CoinMarketCap shows that the price of ADA is up 5.99% in 24 hours to $0.8262. The coin jumped from a low of $0.7730 to a high of $0.8274 before settling at the current price level.  The current setup validates the earlier ADA price analysis, which comes with speculation that the coin could soar to $1. Several onchain metrics, including the open interest that crossed the $1 billion threshold earlier, and the technical indicators, point to more breakout ahead. On the daily chart, it is worth noting that Cardano price has retained its Golden Cross formation, showing that the bull market is still in play. As shown on the chart, ADA has maintained the golden cross since at least April 20, with the price soaring by more than 17% in the past week. ADA/USDT Price Chart. Source: TradingView The coin has retained its current price level following Bitcoin’s retest of $100,000 amid its adoption as a reserve asset by three states in America. However, the Cardano ecosystem is currently making a unique shift in its push to drive development and unleash new products to serve users. Cardano Ecosystem and Developer Pivots In an update shared with the community, Charles Hoskinson, the protocol’s founder, said there is a need to turbocharge product releases onchain. He specifically mentioned this when he answered questions regarding firing a contract team working on the protocol. Because I want Leios in…

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Filed under: News - @ May 10, 2025 7:28 pm