Cardano (ADA) Could be Approaching a Death Cross Below $0.70

2025-3-23 14:00

Cardano (ADA) has been on a rocky path this month. After posting early gains, the altcoin has now retraced 37%, erasing most of its recent upside. 

While broader market indicators hinted at a bullish outlook, technical patterns suggest that the momentum may not hold.

Cardano Losses Are Likely

Cardano appears to be nearing a Death Cross, a bearish technical signal. This occurs when the 50-day exponential moving average (EMA) slips below the 200-day EMA. Historically, this crossover has often preceded sharp price declines.

If this formation is confirmed, it would be ADA’s first Death Cross in 10 months. It would also officially end the ongoing five-month-long Golden Cross, a bullish pattern that previously supported the asset’s growth.

With momentum fading, investors may see this as a pivot toward further downside pressure.

Cardano EMAs. Source: TradingView

On-chain data further dampens investor confidence. The MVRV Long/Short Difference — a metric comparing the profitability of long-term holders (LTHs) to short-term holders (STHs) — has been declining steadily.

While still in positive territory, its fall suggests LTHs are seeing their profits shrink.

This metric is now sitting at a four-month low, increasing the risk of profit-taking by LTHs. If these investors begin to sell to preserve gains, it could introduce added selling pressure. The resulting drawdown may undercut any bullish momentum Cardano is attempting to hold onto.

Cardano MVRV Long/Short Difference. Source: Santiment ADA Price Is Consolidated

ADA is currently trading at $0.71, down 37% from its recent high. The decline has broken its macro uptrend, although the altcoin remains just above the $0.70 support level. This floor has acted as a key technical barrier.

However, the looming Death Cross, combined with fading long-term investor confidence, may push Cardano below this support. If $0.70 is breached, ADA could slip to $0.62. This would mark a further extension of the ongoing correction phase, reinforcing the bearish outlook.

Cardano Price Analysis. Source: TradingView

On the other hand, if Cardano manages to invalidate the bearish thesis, it must rise above $0.77. This would end the current 11-day consolidation phase.

A successful breakout could propel ADA toward $0.85, reclaiming some of the lost ground and potentially restoring short-term investor confidence.

The post Cardano (ADA) Could be Approaching a Death Cross Below $0.70 appeared first on BeInCrypto.

origin »

Cardano (ADA) на Currencies.ru

$ 0.7675 (-0.42%)
Объем 24H $941.982m
Изменеия 24h: 2.17 %, 7d: 6.14 %
Cегодня L: $0.7399 - H: $0.7725
Капитализация $27.049b Rank 9
Цена в час новости $ 0.703 (9.17%)

below cardano death cross could ada seems

below cardano → Результатов: 126


Фото:

Ravendex – Next Gen Non-Custodial DEX And Launchpad Powered By Cardano Blockchain

Ravendex primarily ranks to be the first non-custodial decentralized exchange and Launchpad powered by the Cardano Blockchain. It features four multi-function liquidity pools which are as mentioned below: Constant-product pool Stable pool Multi-asset pool Dynamic pool APY rates were initially lower than other lending platforms on various blockchains, such as AAVE on Ethereum. Due to […]

2021-12-5 19:02


Considering Cardano's performance, it is ideal to wait for this to happen before investing

Once the third biggest cryptocurrency, Cardano's recent performance turned out to be far below expectations,  to say the least. As the month of November is nearly over and so is 2021, looking at the The post Considering Cardano's performance, it is ideal to wait for this to happen before investing appeared first on AMBCrypto.

2021-11-25 19:30


Фото:

Ethereum, Bitcoin, Solana, Cardano See Over $380M Liquidations In 24 Hours As BTC Slips Below $45k

The world’s superb cryptocurrency has extended last week’s losses on Monday morning, spurring widespread dumping across the entire crypto markets as it lost grip on the $45,000 price level. As a result of the drop, over $383 million in crypto assets has been liquidated, bringing the total number of liquidated buyers across all crypto assets […]

2021-9-14 15:18