- ADA breaks long-term downtrend, signaling a possible macro trend reversal .
- A confirmed golden cross and 24-hour trading volume surge of $2.5B point to strengthening bullish momentum.
- Grayscale’s $GDLC approval boosts investor sentiment as ETF potential stirs excitement for ADA.
Cardano (ADA) is flashing strong bullish signals after months of range-bound movement. With key technical breakouts and ETF excitement growing, the path to $1.30 looks increasingly clear.
Breakout Confirmed: ADA Escapes the Trendline
After months of grinding through consolidation, Cardano has officially broken above its long-term descending trendline on the weekly chart, according to CryptoPulse. This move ends a prolonged period of sideways action and marks the beginning of what could be a broader bullish cycle.
Source CW Via X
The breakout aligns with solid momentum on the daily chart. ADA has formed a series of higher lows while the MACD has flipped green and RSI remains firmly above 50. These indicators suggest that buyers are regaining control, and accumulation is actively underway.
ADA hit resistance near the $0.92–$0.96 range which is a common supply zone. A break above $0.96 could open the gates for a strong rally.Support is at $0.86, with deeper support at $0.80 and $0.69.
Golden Cross, Volume Surge, and ETF Fuel
Cardano’s bullish golden cross confirmed two days ago, where the 50-day moving average crosses above the 200-day moving average . This is often a strong indicator of long-term trend reversals.
ADA rose from $0.85 to $0.91 posting a 5% gain in the last 24 hours .Trading volume also spiked to over $2.5 billion, up $600 million from the previous day. This sharp increase shows genuine buying interest.
Grayscale’s CEO, Peter Mintzberg, has confirmed the approval of the Grayscale Digital Large Cap Fund ($GDLC) for trading under the Generic Listing Standards. The fund includes ADA, Bitcoin, Ethereum, XRP, and Solana.
This positions Cardano to benefit from broader institutional exposure, especially as ETF discussions heat up heading into Q4.
$1.14 Then $1.30 in Sight
ADA has previously tested$1.14 level but failed to hold. However, with the current momentum and increasing volume, a breakout could push the price toward $1.30 ,a level that aligns with previous highs and Fibonacci extension targets.
On the longer timeframe, ADA is also showing a pattern of higher lows and ascending support, hinting that the macro bottom may already be in.
Investors should watch for a clean weekly close above $0.96, followed by $1.14. If that happens, the rally toward $1.30 could happen .
