The post Is Cardano Heading for a ‘Golden Cross’? If Yes, How High Can the ADA Price Go in 2025? appeared on BitcoinEthereumNews.com.

Cardano bulls are displaying their strength soon after the rally triggered a strong rebound from the local bottoms. Since then the platform has been experiencing a rise in volume but the network activity has taken a hit, due to which the volatility has also remained lower. Despite short liquidations of over $800 million, the daily active addresses took a major hit during the times when the prices continued to rise.  This drop has come in line with the volume that has witnessed a notable rise of over 30% to 40% in the past couple of days. The rise in the volume with a drop in the daily active addresses hints towards the whale accumulation, which has dropped the volatility. As a result, the ADA price is struggling to break through an important resistance level, despite holding the 200-day MA as a strong support level.   The ADA price broke the short-term descending trend a few days ago but has been finding it difficult to secure the gains. The price is juggling in and out of $0.8 as it is failing to secure above $0.85, which could have lifted the token above the bearish influence. The on-chain data reveals a drop in the participation of the retail investors, which has kept the price accumulated within a range. Will the price break above the range? Despite the bullish breakout, the ADA price remains restricted under bearish influence as the price is stuck within a descending parallel channel. Although the price has risen above the 200-day MA, it is struggling to break the resistance of the channel, hinting towards a drop in the strength of the bulls. On the other hand, the RSI has reached the upper threshold, and if it enters the overbought zone, a breakout can be expected from the pattern.  This…

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Filed under: News - @ May 14, 2025 1:24 am