Cardano Breaks $1 with Golden Cross — $3 Possible but Watch Resistance
I see Cardano’s reclaiming of $1 and the formation of a Golden Cross as a clear bullish trigger that has reignited momentum after months of consolidation.
Technicals — RSI above 50 and a MACD crossover — support further upside, and short-term resistance sits at $1.17–$1.18 with higher targets at $1.24–$1.43, $1.50, $2.00 and a speculative $3 if volume and momentum sustain.
That said, overbought conditions could produce sharp pullbacks; I’d treat any rallies above resistance as opportunities to trim or scale out while preferring entries on weakness near established support.
Analysis
Recommendation
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.