Cardano Price is close to a major technical teacher that may indicate a shift in price momentum. The cryptocurrency, currently price, showed $ 0.6484, a decrease of 2.45 % in the past 24 hours. However, technical indicators indicate that the ADA price is heading towards the first “death of death” for 2025.
Cardano’s technical indicators indicate a declining momentum
Cardano’s recent procedures indicate that the SMA is likely to cross less than 200 SMA in the coming days. This intersection, known as the death cross, is usually seen as a declining sign. According to the last Cardano prices analysis, if the death cross occurs, ADA can decrease by 25 %.
At the time of writing this report, SMA is $ 50.74, while SMA for 200 days is $ 0.734. As the SMA continues to decrease for 50 days, it indicates that the short -term momentum in Cardano suffers from poor performance compared to its long -term direction. The death cross often leads to a decrease in the price, although the extent of decrease can vary.
Despite the approaching of the Cross of Death, it is important to note that such technical indicators are not always reliable predictions to make future prices. While historical patterns may provide an insight into the market morale, they do not guarantee that prices will follow the same path. This means that the ADA price can suffer from a reflection even after cross -death forms, depending on other market factors.
Recent price trends and market conditions
ADA PRICE witnessed a remarkable decrease in the price of Cardano during the past week, with a decrease of 7.67 %. After its peak at $ 1.19 in early March 2025, the currency has struggled to keep its momentum, especially since the fears of the broader market exceed the morale of investors.
Moreover, Cardano trading volume decreased. Daily trade has decreased by 58.72 %, with less than $ 394 million in the past 24 hours. Low trading volume usually indicates that market participants lose attention or that there is a request for a decline in Ada.
Despite these challenges, there were some positive developments surrounding Cardano. Cardano’s co -founder of Cardano has recently confirmed that Rlus Stablecoin from Ripple will be launched on Cardano. This news was met with some optimism, which caused an interest in Ada. In addition, Hoskinson disturbed the possibility of Cardano playing a role in the ecosystem of decentralized financing in Bitcoin. These ads are likely to help restore momentum, but currently, technical indicators indicate a cautious look.
What can happen after that for Ada?
As Cardano approaches the death of death, the main question is whether the price will continue in its landfill or if there is a reflection. The chart shows a pattern of monotheism, with the fluctuation of ADA price movement within certain support and resistance areas.
According to the Seth Finanship analyst, Strong support is seen about $ 0.6,000– 0.6500 dollars, while the resistance is located near 0.7000 levels – $ 0.7500. If ADA fails to penetrate the resistance, the price may continue to decline towards these support areas.
One of the possible scenarios is that the price can suffer from bounce if the price of Cardano maintains these support levels, especially the $ 0.6,000 region. This would indicate that the market is still interested in buying ADA at lower prices. On the other hand, if the price fails to retain these support areas and its separation, it may follow the negative side, which may lead to a re -test of low support areas in the range of 0.3000 – $ 0.4,000.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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