Cardano Confirms Death Cross, ADA Faces Renewed Bear Pressure
Cardano (ADA) registered a death cross on the daily timeframe — where a shorter-term moving average crosses below a longer-term one — as prices fell over 1.2% in the last 24 hours, per CoinMarketCap. The signal highlights a shift to downside momentum after recent gains, and is often read by traders as a sign that trend-following selling may intensify.
While a death cross is not a guaranteed predictor of sustained losses, it tends to weigh on sentiment and can trigger stop-loss chains or reduce appetite for new long positions. Market participants will be watching volume, support levels and broader crypto sentiment (especially Bitcoin) to gauge whether ADA's pullback becomes a deeper correction or a temporary consolidation.