ADA Price Forecast: Bullish Indicators Align for Next Leg Up - Crypto Data Space
Featured News Headlines1 ADA Price Forecast- Cardano Bulls in Control as Key Metrics Point to Upside2 Long-Term Holders Are Staying Put3 MVRV Ratio Leaves Room for Growth4 EMA Crossovers Confirm Momentum5 Key...
Featured News Headlines
ADA Price Forecast- Cardano Bulls in Control as Key Metrics Point to Upside
ADA Price Forecast– Cardano (ADA) is showing impressive strength as it tests the $0.86 resistance zone, with multiple technical and on-chain indicators suggesting the rally may be far from over. If momentum continues, ADA could break past $1 in the near term.
Long-Term Holders Are Staying Put
One of the clearest bullish signals comes from the Age Consumed metric, which remains low even as prices rise. This means older ADA tokens are not moving—long-term holders are not rushing to sell. The last notable spike in aged token movement was in mid-June. Since then, the metric has remained quiet, a strong sign of investor confidence.
MVRV Ratio Leaves Room for Growth
The 60-day MVRV ratio currently stands at 22.91%, indicating that most recent buyers are not yet sitting on large profits. Historically, Cardano (ADA) has rallied significantly from this zone. For example, back in April, ADA surged over 35% when MVRV was at similar levels. Without significant sell pressure, further gains appear likely.
EMA Crossovers Confirm Momentum
Cardano’s 20-day exponential moving average (EMA) has just completed a rare triple golden crossover, moving above the 50-, 100-, and 200-day EMAs in just a few days. This kind of technical alignment suggests strong mid-term upside momentum.
Key Resistance at $0.86 in Focus
While the $0.86 level remains a challenge—aligned with a key Fibonacci retracement—a breakout here could target $1.07 next. Caution remains, though, as RSI divergence on the 4-hour chart hints at a potential short-term pullback. Still, unless Cardano (ADA) falls below $0.78, the broader trend remains intact.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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ADA Price Forecast: Bullish Indicators Align for Next Leg Up
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