Cardano (ADAUSD) Signals Strong Long-Term Buy Opportunity

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Cardano (ADAUSD) has just issued a **strong long-term buy signal** on the **1-week time frame**, as the **1W LMACD** is forming a **Bullish Cross** for the first time since **October 09, 2023**.

This development suggests a powerful buying opportunity. The **1W RSI** has remained stable since May, during which ADA has traded below its **1W MA50** (blue trend-line).

This pattern mirrors conditions seen in the previous bull cycle, where a Bullish Megaphone formation preceded a parabolic rally. With a clear resistance trend-line indicating potential **higher highs**, a price target of **$5.00** is set for the cycle's top.

Conclusion :

All indicators point towards a promising bullish trend for Cardano, positioning it for a potential rally.

Advice :

Investors should closely monitor these signals as Cardano prepares for a significant price movement.