Cardano Faces Continued Pressure After Death Cross Confirms Bearish Outlook
Cardano (ADA) is under renewed pressure after a steep correction that pushed the price beneath important support zones. On November 3 the 50-day moving average crossed below the 200-day moving average — a classic death cross — which has heightened caution among traders and suggested the recent rebound may be losing momentum.
The confirmation of the death cross matters because it often correlates with extended downside or choppy trading until a clear recovery signal appears. Traders and holders will likely watch whether ADA can reclaim the shorter moving averages or whether further support levels give way; until then, risk appetite for bullish positions may remain muted and sentiment could stay tilted toward sellers.