Cardano News Update: Cardano Faces Death Cross Challenge—Will ADA Withstand the $0.50 Plunge?
- Cardano (ADA) forms a bearish death cross as price nears $0.50, with analysts warning of potential 50% declines if key support fails. - Whale selling and fear index at 31/100 highlight panic, while SEC delays on ETFs and low DeFi activity worsen investor uncertainty. - Emurgo partners with Wirex to launch ADA Visa card, aiming to boost utility but lagging behind Ethereum/Solana in DeFi adoption. - Upcoming Leios/Midnight upgrades promise 30-50x throughput gains, yet skeptics cite founder Charles Hoskinso
Cardano (ADA) is at a pivotal point as its price approaches the $0.50 mark, with a bearish "death cross" pattern emerging on its chart. This technical setup, where the 50-day moving average dips below the 200-day moving average, often signals a prolonged downward trend. Experts caution that if
Bearish pressure is intensified by blockchain data indicating heavy selling from both large holders and retail traders. According to Santiment,
To enhance ADA's real-world use, Emurgo, Cardano's business branch, has teamed up with Wirex to introduce the first "Cardano Card," a Visa crypto debit card. Debuted at the Cardano Summit 2025 in Berlin, this card enables spending of ADA and over 685 other cryptocurrencies worldwide, according to a
Technical signals offer a mixed outlook. The RSI and MACD indicate that bearish
Broader market trends, including the shift toward AI-related stocks and global liquidity factors, also impact ADA's outlook. As investors allocate more funds to AI equities, Cardano's price movement may hinge on the Federal Reserve's next round of quantitative easing, according to the
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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