Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. First Ever Weekly Golden Cross According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week line. ADA is trading at $0.60, under both its 50‑day MA at $0.66 and its 200‑day MA at $0.64. That gap means bulls need more firepower to push price back above key levels. Still, the weekly signal has many calling a bullish move ahead. Anyone else notice that Cardano just had it’s first Weekly Golden Cross ever? pic.twitter.com/d7gvWQfN1Z — Mr Brownstone (@GunsRoses1987) July 9, 2025 Price Levels To Watch Based on examination from MasterAnanda, ADA will likely need to reclaim its 34‑period EMA and the 200‑day MA before a real uptrend can take hold. Many traders use those levels as checkpoints. If ADA closes above $0.64, it could draw new buyers in. On the flip side, a drop under $0.59 might trigger more selling pressure. Whales Return To Accumulate Analyst Ali Martinez has noted that large holders scooped up about 120 million ADA over the past two weeks. These addresses, each holding between 1 million and 10 million ADA, now control roughly 5.5 billion ADA—worth around $3.3 billion at current prices. When big wallets pile in, it often suggests confidence that prices will head higher. But it can also lead to quick flips if whales decide to take profits. Whales bought over 120 million Cardano $ADA in the last two weeks! pic.twitter.com/HOjvzB6fqd — Ali (@ali_charts) July 8, 2025 Cardano: Forecasts And Sentiment Several price targets have emerged in recent weeks. Some analysts expect ADA to climb to $1.33, while others think $10 is within reach this cycle. Price prediction by CoinCodex points to a 25% rise to $0.74 by August 8, 2025. Right now, technical indicators lean bearish, and the Fear & Greed Index sits at 59 (Neutral). Cardano has seen 14 out of the last 30 days end in green, with volatility around 7.54%, according to the price prediction site. Outlook And Next Steps Cardano’s weekly golden cross is a bullish sign, but price still needs to clear shorter‑term hurdles. Traders looking for confirmation may wait for ADA to close above $0.66 on the daily chart. Those already in position might set a stop‑loss below $0.59 to guard against a rejection. With whale activity back on the rise and long‑term targets ranging from $1.33 to $10, Cardano is once again on investors’ radar. However, broader market trends—especially moves in Bitcoin—will likely dictate whether ADA’s momentum can stick. Featured image from Meta, chart from TradingView

Ethereum is sending a fresh jolt through the crypto market after a sudden upward move on Thursday, with its price finally reclaiming the key $2,500 mark once again. Bullish signals are presently aligning with this renewed strength, which points to a possible continuation of the notable rally. Golden Cross Lights Up Ethereum Chart Examining recent price performance, it is observed that the Ethereum technical landscape just came alive, reviving market optimism with a typical bullish signal. Melijn The Trader, a seasoned crypto expert and investor, reported this bullish signal in a post on X, which hints at a potential reversal of an upward trend. Specifically, this key positive signal is a Golden Cross. A Golden Cross is considered a bullish indicator that occurs when the short-term moving average climbs above the long-term one. It is a crucial signal that is capable of flipping a trend from the downside to the upside. According to Melijn The Trader, the golden cross has appeared in the 1-day time frame chart after a period of waning price action. This signal, in alignment with recent upswings, indicates growing momentum that is likely to pave the way for the next substantial rally to higher price levels. Looking at the daily chart, Ethereum flashed the golden cross just a little above the critical $2,500 price mark. Melijn The Trader highlighted that this point is where bull markets tend to kick off, and history does not take it lightly. Considering the fact that a golden cross is a bullish development, Melijn The Trader claims that ETH is currently sending a clear signal about a breakout to the upside. With prices presently rising and technical indicators flashing positive signals, the expert is confident that the next leg is not a matter of if, but when. ETH Bounces After Retests Key Trend Line Melijn The Trader has also delved into the 2-day time frame chart of Ethereum, revealing that the altcoin is gearing up for a rally. The analyst has identified a descending resistance trendline and an ascending support trendline, currently determining the next potential direction of ETH. A look at the chart shows that Ethereum recently broke above the descending resistance trend. However, ETH failed to initiate a rally, which led to a period of consolidation within the $2,200 and $2,700 price range. Currently, the altcoin just nailed a retest of the descending resistance trend line and has bounced perfectly off the line. ETH’s rebound from the trend line points to signs of rally continuation, with Melijn The Trader noting that this is where the next wave will begin. While the altcoin prepares for a liftoff, the expert stated that the market is watching this key signal. However, only a few are positioned for the impending leg-up.

Technical analysis shows Ethereum has just exhibited a failed golden cross on the 1-day candlestick timeframe chart. The golden cross is widely regarded as a bullish momentum signal. This technical formation, where the 50-day moving average climbs above the 200-day moving average, last occurred on Ethereum’s daily candlestick chart in December 2024 and resulted in an 18% surge. This time, though, the story is very different. Rather than triggering another rally, Ethereum’s price action has been quite flat, which makes it difficult to imagine a break above $3,000 very soon. Lack Of Follow-Through Shows Ethereum’s Weakness According to technical analysis initially noted on the social media platform X, Ethereum recently exhibited a golden cross. However, according to the analyst, this was a failed golden cross, as Ethereum’s price barely moved when it happened on the daily timeframe.  The analyst, who goes by the name Honey on the social media platform, noted that the lack of movement shows more profound issues in current market conditions, especially in terms of liquidity and sentiment. The golden cross should have injected life into Ethereum’s price action, but instead, it shows the absence of momentum. Ethereum’s price performance following the crossover has made the pattern feel more like a false signal than what the golden crossover is mostly known as. The chart below shows that while the moving averages did cross, the price action around that moment was uneventful and even slightly bearish. This is a huge difference from what happened in December 2024, when the same pattern was followed by a quick upside push. Back then, Ethereum’s price surged by about 18% to touch $4,000 very briefly. Return To $3,000 Might Take Longer Than Expected The bigger takeaway is not just the failed breakout, but what it implies about the coming quarter. According to the analyst, this entire crypto market might witness a sluggish and choppy Q3, particularly if Bitcoin is below the $111,000 mark.  In this environment, it’s difficult to imagine Ethereum making a clean run to the $3,000 milestone any time soon. The lack of momentum does not bode well for bullish forecasts, even though Ethereum has so far held its ground at support levels around $2,400.  At the time of writing, Ethereum is trading at $2,548, down by 2.1% in the past 24 hours. Data from CoinGecko shows that the leading altcoin reached an intraday high of $2,630 in the past 24 hours, but it has failed to hold up this momentum. For Ethereum to break out of its current zone and move to $3,000, it would need a wave of liquidity and confidence.  This recent volatility is tough for Ethereum’s bullish prospects, but its long-term outlook is relatively strong. Interestingly, one particular analyst believes that Ethereum is going above $10,000 this cycle.