The Cardano price and death crosses appearing twice on its short-term chart have set off alarms among investors. The ADA cryptocurrency is showing bearish technical signals which, according to its 4-hour chart analysis, could anticipate a further correction in its market value in the coming days.
The main warning sign comes from the formation of two “death crosses.” This technical pattern occurs when a short-term moving average, like the 20-period exponential moving average (EMA), crosses below longer-term moving averages, in this case, the 50-period and 200-period EMAs. This event suggests a loss of bullish momentum. Furthermore, ADA’s price has been moving within a descending channel, confirming a corrective phase in the short term.
The activity of large holders, or “whales,” also provides relevant data. Wallets holding between 10 and 100 million ADA have slightly reduced their positions. Although the decrease is not massive, this caution from large investors, combined with technical signals, reinforces the short-term bearish outlook. This situation is framed within the dynamics of the Cardano Blockchain, where the behavior of major players is a key indicator.
Possible Scenarios for ADA’s Price
If the bearish trend continues, the main price target is near $0.76. This support level is crucial and would represent a drop of approximately 6% from its recent price. Analysts are watching this point as a key support zone that could halt the correction. However, this bearish scenario could be invalidated if Cardano achieves a sustained close above $0.85, which would signal a potential resumption of the uptrend.
Despite the short-term weakness, the long-term outlook for Cardano still shows strength. The cryptocurrency has risen 31% over the last three months, so the current correction could be interpreted as a necessary “temporary cooldown” before a new push. The current situation, therefore, presents a cautious outlook for the coming days but does not necessarily negate the long-term optimism that many hold for the project.
