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Cardano’s facing a chilling omen: the dreaded “death cross” has materialized on its daily chart. This grim technical pattern suggests further price declines for ADA, which has already shed over 1.2% in the last day, according to CoinMarketCap. Is this a temporary dip or the beginning of a deeper descent for the crypto asset?
Death cross formed on ADA charts
Cardano soared, kissing $0.610 on TradingView, only to be met by a relentless cascade of crimson candles. The bulls retreated as bears seized control, dragging the price down to the harsh reality of $0.489.
The death cross formation, which is a bearish technical signal, happened when the 9-period SMA crossed below the 26-period SMA.
Cardano’s price action is caught in a tug-of-war! The 9-day SMA is at $0.5627, breathing down the neck of the 26-day SMA at $0.5666. This razor-thin margin signals momentum is fading, but bears still hold the high ground. Is a breakout brewing, or will the bearish pressure prevail?
Cryptocurrency markets brace themselves. History whispers a warning: this pattern has often heralded prolonged winters for major digital assets. For Cardano’s ADA, the shadow couldn’t fall at a more precarious moment.
ADA’s September swoon has turned into a full-blown bear hug. The dreaded death cross has arrived, cementing a two-month downward spiral that leaves investors reeling.
Cardano’s hourly chart just flashed a warning sign: the dreaded death cross. Like a falling domino, the 50-period moving average plunged below the 200-period MA, confirming what traders already felt – mounting sell pressure. This bearish signal arrives on the heels of a four-day slide, leaving Cardano reeling from a peak of $0.693.
Is there hope for future Cardano ADA rally?
Cardano’s price is teetering, currently priced at $0.5731 after a 1.2% dip in the last day. That small stumble has taken a bigger bite out of its recent performance, trimming monthly gains to 18.8% and annual growth to a mere 2.1%.
The fall below $0.66 has opened the floodgates. Brace yourselves, because a deeper plunge is now in play. Keep your eyes glued to the $0.55-$0.56 range – that’s where the next major buying frenzy is likely to erupt.
However, the Relative Strength Index (RSI) showed upside potential. Notably, the RSI is not deeply oversold yet at 55.
But hold on, the slide might not be over. Keep your eye on the Relative Strength Index (RSI). A surge past 60 could be the early tremor before a seismic shift, particularly if the crypto market finds its footing again. That’s when things could get interesting.
ADA’s recent stumble isn’t a lonely fall from grace, but rather a symptom of November 2025’s widespread crypto carnage. Even Bitcoin, the undisputed king of crypto, has bled over 8.2% in the last month, painting the market red.
Cardano’s waters are churning. A whale exodus is underway, with massive holders dumping 140 million ADA in a mere fortnight. This isn’t panic selling; it’s a calculated cashing out, further fueling the downward pressure on the token.
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