Ada Coin came to the brink of a critical technical signal in the midst of harsh fluctuations in the crypto market. According to experts, the island price may have a decrease of up to 25 %with the triggering of the “Death Cross” formation. In particular, the increasing volatility with the tariffs of the upcoming “Liberation Day” makes this decrease even more likely. What awaits the island investors in the coming days?
Ada Coin price can be dragged below $ 0.50
Ada Coin is currently trading at $ 0.67 and has made a small gain of 1 %in the last 24 hours. However, the loss of 12 %in the last seven days led the attention of investors to technical signals again. In the daily graph, the 50 -day moving average is about to hang below the 200 -day average. This is interpreted as a “Death Cross” signal.
Death Cross is usually considered as a strong decrease signal. If this formation is confirmed, the island price is likely to hang below $ 0.50. Especially RSI data is 44 and still shows sales pressure. If the decline persists, the price is possible to decrease to the $ 0.32-0.30 range.
There are also hopeful developments for Cardano
On the other hand, not all indicators are pessimistic. Some experts think that Cardano can repeat the price movements in 2024 and then start a strong rally up to $ 2.50. In particular, a significant development of Charles Hoskinson draws attention: Ripple’s new stabilcoin Rlusd will be released on the Cardano network.
This development can increase the top -of -chain activity for the island. In addition, according to Coings data, the demand for Cardano’s long positions is increasing. The funding rate of the island has reached the highest level since February. This shows that traders play rather than a fall.
Trader behavior can trigger the rise
Rising funding rates reveal that long positions have multiplied and traders expect to recover at the island price. This shows that the expectation of rise in the market remains alive. If this expectation turns into procurement pressure, the island price may exceed $ 0.70 again and the decline scenario may be shelved.
However, the most critical point here is whether the Death cross formation will be realized. If this decrease signal is technically confirmed, market psychology may quickly return to negative and deepen the decline. For this reason, island investors must closely monitor both technical and basic developments.
