Cardano has experienced a slight decrease of about 1.54% in the past day, but there are optimistic signs indicating a potential turnaround.
Traders have identified a rare event in the ADA/USD chart - a weekly golden cross, marking the first time Cardano has achieved this milestone.
Significant price levels to monitor include reclaiming the 34-period EMA and the 200-day MA at $0.64. A closure above $0.64 could attract new buyers while a drop below $0.59 may trigger more selling pressure.
Large ADA holders have accumulated approximately 120 million ADA over two weeks, signaling confidence in a potential price increase. Price predictions vary from $0.74 by August 8, 2025, to more ambitious forecasts like $10.