Cardano (ADA) Secures Golden Cross With Massive Price Breakout

By: bitcoin ethereum news|2025/05/10 17:00:20

Cardano (ADA), currently ranked ninth per market capitalization, has recorded a significant development that could flip future price trends. The coin has flashed a golden cross on its hourly chart as the price jumped by over 9% on the market. Cardano volume nearly doubles as momentum builds ADA formed a golden cross in the last hour as its short-term moving average crossed above the long-term moving average. This is particularly positive news for short-term traders as the price has climbed from around $0.72 to its current levels. You Might Also Like According to CoinMarketCap data, the Cardano price has changed hands at $0.7923 in the last 24 hours. The coin rose from a low of $0.7177 to reach its current level. There has also been a corresponding surge in trading volume. It spiked by 98.87% within the same period to $1.78 billion. The development signals a bull market for ADA. Many consider the golden cross a bullish signal, suggesting that ADA has the potential for more upward price momentum. Interestingly, during trading, ADA hit a high of $0.8162, fueling anticipation that the asset might break the $1 level soon. If ADA flips this price, it could replace Dogecoin as the eighth-ranked asset in the top 10 per market cap ratings. Cardano’s circulation milestone bolsters network credibility You Might Also Like With this development, ADA is on the verge of breaking the $0.80 resistance level, as reported by U.Today. As the coin makes a bold comeback move, it needs to break the resistance and would require ecosystem support to stay above it as it eyes $1. Meanwhile, the Cardano ecosystem recently achieved a milestone as the second most distributed cryptocurrency. It was surpassed only by Bitcoin, which also has a fixed supply. While Bitcoin is capped at 21 million, Cardano has a cap of 45 million. Source: https://u.today/cardano-ada-secures-golden-cross-with-massive-price-breakout

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.