The formation of a golden cross on Cardano’s daily chart indicates potential bullish trends. History shows that previous golden crosses have resulted in substantial gains, driven by strong buying pressure.
Cardano’s trading volume has surged by 49.17%, reaching 757.95 million USD, highlighting increased investor engagement. Analysts predict a possible 27% bullish rally if momentum continues.
Market sentiment is bolstered by positive announcements from Charles Hoskinson regarding the completion of the scaling roadmap for Cardano, further fueling investor confidence and potential price increases.
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