ADA Price Drops, Cardano Faces Death Cross: Analysis

Cardano's ADA price fell 16% to $0.3005 in 24 hours, while the crypto market lost 15%.

ADA has fallen 28% in a week and 14% in a month, with just a 3% rise in the last year.

Unfortunately, today's large loss has produced a 'death cross' between its 30-period moving average and price.

With markets down today due to unfavorable economic news, such a cross normally signals additional losses.

ADA Price Drops, Cardano Faces Death Cross: Analysis
ADA's chart suggests buying the drop now.

Its signs indicate the coin is oversold and should bounce shortly.


Its relative strength indicator (yellow) dropped below 20 this morning, indicating heavy selling.

ADADST Death Cross

The coin's 50-period average (orange) is significantly below its 200-period average (green), therefore its price is even lower.

As indicated above, ADA has seen a death cross, but the worst may be past.

Since ADA has been down for almost a week, the market is undervaluing it technically.

This could cause a significant bounce, but the bitcoin market lost substantially today.


Traditional markets lost due to US and worldwide economic worries.

We may need favorable news before the cryptocurrency market and ADA price recover.

The US employment market downturn may make an interest rate drop more likely.

Crypto, ADA, and other markets would benefit.

Cardano's fundamentals predict a long-overdue price surge.

Cardano has seen steady growth in recent months and years, with over 1,300 projects growing on its network.


This number shows Cardano might expand significantly once these projects debut.

Based on these facts, a Fed rate drop may help the ADA price reach $0.45 by Q4.

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