Cardano crypto is flying higher at press time. After the lull in late July, ADA USD began printing higher highs from early August before breaking above $1 earlier today. Although prices retraced, the uptrend remains intact. If the current momentum is maintained, the coin could bounce higher, perhaps even flipping Dogecoin and USDC in the next few weeks.
The technical candlestick arrangement on the daily chart points to strength. Buyers are squarely in control following the high-volume breakout above July 2025 highs.
At spot rates, is trading at a five-month high, changing hands in March 2025 territory. If bulls press on, buyers will likely reclaim $1.2.
In turn, this will be an opportunity for ADA holders to break $1.35 in a buy trend continuation pattern. When this happens, the odds of more capital flowing to some of the best meme coin ICOs in Cardano and other blockchains will also increase.
Besides the high volume of the past few trading days, signaling interest, traders are upbeat about what the future entails.
On X, one notes that ADA USD could spike to as high as $3 in the next 27 days following the formation of a golden cross on the daily chart.
A golden cross is a bullish signal chartists use for entries and trend definition. It forms when the 50-period moving average crosses above the 200-period moving average.
(Source: Deezy_BTC on X)
In this case, the golden cross formed in the daily chart. The analyst notes that the last time a golden cross printed, ADA crypto pumped by 230%.
Accordingly, if the past guides, and considering the mega interest in the best cryptos to buy, including ADA, is attracting, there is a high possibility that prices will rally.
He projects ADA crypto to reach $3 in just 27 days, adding that those not stacking up ADA at spot rates are “not bullish enough.”
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While technical indicators are promising, Cardano has even more solid fundamentals and ecosystem developments that provide a stronger case for bulls.
In a post on X, the Cardano Foundation expressed its keenness on making the network one of the most trusted global infrastructures. They outlined a multifaceted strategy aimed at driving adoption, but most importantly, showcasing the utility of Cardano in the real world.
The non-profit is convinced that the “future is Cardano” and, towards actualizing this goal, they are partnering with key stakeholders, including the lead Cardano developer, Input Output Global (IOG), Emurgo, and Intersect.
https://twitter.com/Cardano_CF/status/1955916544615018877?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Initiatives set by the foundation include showcasing case studies where Cardano powers industries like supply chain, AI, and finance. At the same time, they want to offer more courses and enterprise masterclasses through the Cardano Academy.
The goal is to train legacy companies and make them adaptable in the new market. Moreover, the foundation plans to provide resources for the Aiken programming language courses at universities to foster developer talent.
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Cardano developers are also building. In the coming months, the Ouroboros Leios will be released, likely in parts. The upgrade aims to further boost Cardano’s throughput by introducing a novel block structure and parallel processing capabilities.
Notably, Leios introduces three block types, including Input, Endorsement, and Ranking blocks, each playing a distinct role.
Endorsement blocks, for example, will resolve the issue of block duplicates or conflicts, and will be minted less frequently.
On the other hand, Ranking blocks will be minted every 20 seconds and reference Endorsement blocks. These blocks will power parallel processing via the Input and Endorsement blocks.
Once all parts of Leios are in place, Cardano will be at the forefront of solving challenges, including scaling, that have plagued the industry.
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The post Is Cardano Crypto Ready For $3 In 27 Days? ADA USD Forms Golden Cross appeared first on 99Bitcoins.
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