Cardano Mini Death Cross Confirmed on Hourly Chart
Main Idea
Cardano (ADA) price faces volatility with a mini-death cross on the hourly chart, leading to a short-term bearish trend, but potential future updates may boost investor confidence.
Key Points
1. Cardano (ADA) price dropped 4.9% in 24 hours, trading at $0.8272, with a 23.5% decrease in trading volume.
2. ADA previously surged toward $1, reaching $0.93, but failed to break the $0.95 resistance level due to profit-taking and market cooldown.
3. A mini-death cross on the hourly chart signals short-term bearish momentum, though ADA remains up 10.3% over the past week and 50.8% over the past month.
4. Cardano founder Charles Hoskinson hinted at major network updates in August, which could renew investor confidence and drive price recovery.
5. Despite recent declines, ADA may be consolidating before a potential upward move, depending on market conditions and upcoming developments.
Description
Cardano price falls as death cross setup ushers in ADA bears
Latest News
- XRP Rally Not Over, JPMorgan Eyes Bitcoin-Backed Loans, SHIB Price May Soar 800% in One Week2025-07-24 03:33:28
- Is XRP Stronger Than Ethereum? Bitcoin's (BTC) $150,000 is Around Corner, Shiba Inu (SHIB): Summer's Biggest Test Incoming2025-07-24 00:23:10
- Ripple CEO Sounds the Alarm Over YouTube XRP Scam2025-07-23 20:45:26
- Bitcoin Would Hold Up During Financial Crisis, Cramer Says2025-07-23 18:59:06
- Cardano Mini Death Cross Confirmed on Hourly Chart2025-07-23 16:26:14