Cardano Bulls Hold $0.8 Floor as Golden Cross Pattern Points to Potential $3 ADA Surprise

Cardano (ADA) is firmly defending the $0.8 support, with traders eyeing a decisive push toward the key $1 psychological level.

According to market analyst Alts King, “ADA is consolidating strongly within the range, building momentum for the next breakout. If the bullish structure continues, we could see a push towards $1.17 and beyond in the coming weeks.”

Therefore, the analyst believes that ADA is consolidating within a stable range, but if buyers maintain control, a breakout toward $1.17 is the next likely move.

Similar sentiments were shared by market expert Lingrid, who noted that Cardano has flipped its former resistance into solid support, holding firm on retests and signaling strong buyer demand.

As a result, multiple triangle breakouts reinforce its bullish structure, and sustained momentum could drive the price toward the $1 target zone.

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At the time of this writing, ADA was trading at $0.81, according to CoinGecko data. 

Golden Cross Pops Up

Crypto pundit Deezy notes ADA’s daily chart has triggered a golden cross, a bullish signal where the 50-day moving average crosses above the 200-day.

Historically, this pattern has sparked rallies of over 200%, suggesting that ADA could target $3 if history repeats itself partially.

Therefore, the golden cross is enhancing Cardano’s bullish picture with this altcoin recently emerging as the most trending cryptocurrency, thanks to various factors, such as the potential rollout of an ADA exchange-traded fund (ETF) and heightened whale buying.