🚨Cardano at risk of death cross as bears eye key support levels $ADA

The EMA structure of Cardano is showing early signs of weakness, with short-term moving averages starting to fall towards long-term ones, a setup that could soon trigger a death cross.

This bearish crossover often signals the beginning of a deeper downtrend. If confirmed, the price of Cardano could test the support level at $0.729.

A break below that could open the door to further losses towards $0.68, and in a more aggressive sell-off, the price could drop to $0.642.

However, if the current momentum changes and the bulls regain control, ADA has the opportunity to reverse course.

The first key objective is to break above the resistance of $0.781. If that level is surpassed, Cardano could rise towards $0.841 and, in a stronger bullish move, reach $0.86.

What do you think about the price and where ADA is heading?