Cardano-News: ADA reaches the November low again and a “death cross” materializes
- Cardano fell more than 10% in a single day and thus reached the lowest course since November last year.
- A bearish “death cross” on the chart stirs up the concern of investors from further losses.
Cardano (ADA) currently has to be prepared for a storm because its value has dropped by more than 10 % within 24 hours. With a current course of $ 0.5701, ADA has returned to a level that was last observed in November 2024.
This steep decline brings the token into a precarious location and reflects the general struggle of the Altcoin market with increasing volatility.
What worries investors is the formation of a “death cross” on Ada’s daily chart. This signal occurs when the sliding 50-day average falls below the sliding 200-day average, a technical signal that is widely assumed that it signals the beginning of a long-term downward trend.
The last time Ada had this trend was in May 2024, whereupon the prices weakened for weeks. The dealers are currently expecting a repetition of this development because optimism seems to move towards caution.
From a technical point of view, a cross of death indicates a declining short -term momentum, and if the buyers do not act soon, Ada could continue. Although the latest support brand of $ 0.50 has remained stable since November last year, it is currently under pressure.
A break -in under this threshold could trigger further losses, with possible downward goals at $ 0.44, which corresponds to a decrease of 14 %.
The support of $ 0.5 is the key to an ada course jump
A precise consideration of the Kryptoanalyst Mr. Brownstone Charts provided Shows that Cardano (ADA) is just above the important level of support at $ 0.50. This has served as a safety net for months.
If ADA stays over it, relaxation is still possible. The diagram also defines a number of Resistance level at $ 0.80, $ 1.00 and $ 1.15. These are also the regions in which the course in the past had difficulties in the past due to strong sales.
After the recent decline, Ada is currently testing a downward trend line that is derived from a recent highest level near the $ 1.00 mark. If the course succeeds in breaking this downward resistance, a reversal could be noted, which could lead to a new upward trend.
This coincides with Brownstone’s assessment that “the primary path leads up immediately”, although such a turn would require strong merchant.
Market indicators such as the RSI indicate that ADA is in a neutral position, neither oversized nor overbought. The volume graphics also show that investors have participated in important movements, especially in the support and resistance areas.
Analysts who pursue the diagram find that the latest candle patterns reflect the indecisiveness of the market, which is a typical indicator that a dramatic movement, either up or down, could be imminent.
Another important point of the analysis is a probable correction trend that extends from point “A” to point “C”, which could indicate the end of a downward trend.
If this is the case and ADA can stay over $ 0.50, a new stage could be imminent in the direction of higher goals. However, a breakthrough under the support could destroy any optimism.
DCSPARK supports Cardano with on-chain ada donation
Although the price was volatile, That remains Trust in the Future of Cardano preserved in the community. One of the main actors in the Cardano development scene, Sebastien Guillemot, recently An important announcement Regarding his company DCSPARKmade. He explained that his company made a considerable contribution to the Cardano ecosystem.
The donation of 686,567 ADA (around $ 400,000 in capital and $ 60,000 in interest) was made possible by the new treasury donation system.
We acquired $460k USD of ADA and donated it to the Cardano treasury
This represents 400k loan + $60k in accumulated interest
thanks for all the support for @dcspark_io pic.twitter.com/9nUYryPkPw
– Sebastien Guillemot (@sebastiengllmt) April 7, 2025
The group had held back these tokens for a certain time to wait for confirmation of the technical framework. The interest is calculated every month for an annual interest rate of 6 %.
To underline your commitment, you even updated the Cardano Rust SDK to support the new “Treasury Donation” function, which enables you and other developers to contribute directly to the protocol on the chain.
Surprisingly, the ADA cost $ 0.67 on average for this donation, which was higher than the market price at that time. This indicates that the donation will be written off soon after its award.
However, Guillemot is optimistic and sees the donation a long -term advantage for the community, even if the market does not currently show this.
No Comments