Can Cardano’s Price Soar in 2025? Will It Break Through the ‘Golden Cross’? 😱

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Well, well, well, look who’s making a comeback! Cardano bulls are flexing their muscles after a daring rebound from the depths of despair. Prices are up, the volume is up, but hold on, what’s this? The network activity has taken a dive, and guess what? Volatility is playing it cool, too. All those short liquidations – over $800 million, mind you – didn’t seem to do much for the everyday investor. Instead, the daily active addresses took a nosedive while prices kept climbing. Funny how that works, right? 🙄

Hold your horses, though. The volume’s been rising like your grandma’s bread dough – up by a whopping 30% to 40%! But the active addresses? They’re all but ghosting. Now, if you’re wondering where all those big players (aka whales 🐋) are hiding, it’s probably safe to say they’re behind the wheel. They’ve scooped up so much that volatility is practically on vacation. Meanwhile, ADA’s price is stuck at a stubborn resistance level, despite holding the 200-day MA like a security blanket. 🛏️

Just when you thought it couldn’t get more dramatic, the price tried to break free from its short-term downward spiral a few days ago. But guess what? It’s still playing hopscotch around $0.80, not quite managing to stay above $0.85. Get it together, ADA! 🏃‍♂️ If it can’t hold that level, we’re looking at a potential bearish drag that could pull the price right back into the mud. Retail investors, by the way, seem to be keeping their distance – I guess they’re not buying the hype. Can you blame them? 😏

Here’s the fun bit: Even though we’ve had a bullish breakout, the ADA price is still stuck under the thumb of the bears. It’s trapped in a descending parallel channel, like a dog on a leash. The price might have jumped over the 200-day MA like a rabbit out of a hat, but it’s struggling to break through that pesky resistance. And if you’re looking for some hope, the RSI is starting to touch the ceiling. If it gets too excited and goes overboard, we might just see a breakout. 🤞

And there’s more! If the stars align, we might even witness the magical ‘Golden Cross’ between the 50 and 200-day MAs, which could send ADA soaring past $1. 😲 So, mark your calendars, folks – the upcoming weekly close is going to be a real nail-biter. If ADA can’t break above $0.85, well, we might be in for more of the same: a price stuck in limbo. Let’s see what happens, shall we? 🍿

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2025-05-13 20:31