Second 2020 Golden Cross Surges ADA, Is This The First For 2023?
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- News platform tweets that ADA could expect a reversal if bulls defend the $0.36 support level.
- ADA formed consecutive Golden Crosses in 2020. The present emits similarities to the 2020 Cross.
- The time period between two consecutive golden crosses was 100 days. There could be another Golden Cross for ADA.
Cardano Feed, a news analysis platform that reports Cardano (ADA) news tweeted that “Cardano can expect a reversal if bulls defend this price zone [$0.363].” Although Cardano tested the $0.363 support level from February 9 to 11, the bulls were able to defend this support zone and push the prices up. However, currently, ADA is testing this support level once again.
There seems to be some good news for the ADA on the horizon as the formation of a golden cross could be spotted. The 50-Day MA is approaching the 200-Day MA from below and if these two lines intersect at any given time, a Golden…
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