- A death cross on Cardano’s daily chart hints at a possible 25%+ drop, with targets as low as $0.50 or even $0.32 if things go south.
- RSI is weak, and macro tension (hello, tariffs) isn’t helping.
- But bullish news — like Ripple’s RLUSD launching on ADA — and rising long positions suggest a rebound might be on the table.
Cardano ($ADA) isn’t exactly having a great week. After a small bump of just 1% in the last 24 hours, the price is sitting around $0.67, but the broader picture? It’s not pretty. A troubling pattern is forming on the charts — something traders call a death cross — and it might be setting ADA up for a pretty steep fall.
What’s a Death Cross, and Why Should You Care?
So here’s the deal: a death cross happens when the 50-day moving average drops below the 200-day moving average. And that’s not just some nerdy chart thing — it usually means a serious downtrend is building steam.
Basically, momentum’s fading. And when that cross shows up on the daily chart? People start to worry. Historically, it’s been a red flag for deeper price drops.
Could ADA Really Drop Below $0.50? Yeah… It’s Possible.
Right now, Cardano’s down 6.4% over the past week, and if the current trend holds, we might see ADA dip below $0.50 — which would mark its lowest level in about five months. Not great.
And if it breaks under that $0.50 zone? The next major support might be somewhere around $0.323. That’s where things could stall out… or get stuck. Especially if the broader market stays shaky — and let’s be real, it’s shaky.
External Factors? They’re Not Helping Either
On top of all that chart stuff, there’s bigger news weighing on the crypto space — namely, new tariff chatter from President Trump. It’s making investors twitchy, and volatility is already climbing. That’s more pressure on ADA and other altcoins trying to find their footing.
Then there’s the RSI, which is sitting at 44 — not exactly oversold, but definitely leaning toward bearish territory. It hints there’s still some downward momentum in play, and unless buyers step up, ADA could keep slipping.
But It’s Not All Doom — There’s Still Hope (Kinda)
Despite the gloomy technicals, there are a few rays of light poking through.
For one, Charles Hoskinson just dropped some bullish news: Ripple’s RLUSD stablecoin is set to launch on the Cardano network. That kind of cross-ecosystem partnership could bring in new attention — and maybe even a price lift.
Also, remember 2024? ADA looked dead in the water… then it rallied hard. Some traders think we could see a repeat — a breakout that flips everything on its head. If that pattern plays out again, there’s talk of a move toward $2.50 (yeah, from $0.67… big “if”).
Traders Are Still Betting on a Bounce
Here’s the interesting part: according to Coinglass, long positions on ADA have been rising. That means more people are betting on a rebound than a breakdown — at least for now.
If momentum shifts, and sentiment picks up, that could be the spark ADA needs to fight off this death cross scenario. But until then? Traders should probably keep their eyes glued to those support levels — and maybe tighten up those stop-losses, just in case.
