Cardano Soars Past $1 But Faces Sell-Off Amid Economic Uncertainty

Cardano (ADA) broke past the $1 mark on Thursday, reaching a peak of $1.01 and hitting its highest level since March 2025 following the launch of a strategic crypto reserve. The surge coincides with a golden cross pattern on Cardano’s daily chart, where the 50-day Simple Moving Average (SMA) surpassed the 200-day SMA for the first time this year. This historical occurrence has historically been followed by significant price increases in the past.