Historically Cardano Bullish Indicator Flashes—ADA bulls could Propel 60% ‬Run

Cardano (ADA) may be on the verge of a significant breakout as a key technical pattern begins to form on its daily chart.

According to market analyst The Crypto Lark, ADA is about to print a MACD golden cross below the zero line, a rare event that last preceded a 60% price surge.

The signal, often seen as an early indicator of shifting momentum, could suggest the start of a strong recovery phase if confirmed.

However, the analyst noted that ADA still faces stiff resistance between $0.74 and $0.77, a range reinforced by a downward trendline dating back to August. That’s an interesting setup, and a clean break above this level could ignite a decisive move similar to past rallies.

At press time, Cardano is trading around $0.6728, up 2.73% in the past 24 hours, according to CoinMarketCap.

Meanwhile, the MACD histogram remains negative (-0.0073), and the Relative Strength Index (RSI) is near 39.4, hinting at bearish momentum but approaching oversold territory. Key resistance remains at $0.77, with support forming near $0.55.

Analyst Zayn Node added that bulls are now eyeing a move past the $0.72–$0.75 zone, followed by a challenge of the 50-day SMA near $0.80. Zayn believes a “break and close above could send $ADA toward $1.02.” Conversely, a drop below $0.60 could open the door for a retest of $0.50, extending short-term losses.

Beyond technicals, several fundamental catalysts could strengthen Cardano’s outlook. Two ADA payment cards, one from Emurgo and another from Gero Wallet, are set to launch soon, integrating Cardano into real-world payment systems.

Meanwhile, anticipation is building around the SEC’s upcoming decision on the Grayscale Cardano Trust ETF (GADA), a potential milestone for institutional access to ADA.