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Cardano Faces Death Cross Formation as Golden Cross Period Concludes: What Does It Mean for ADA?
Cardano’s Golden Cross may have ended in a Death Cross configuration after just three weeks.
Long-term holders are maintaining their positions despite price weakness
ADA is now trading at $0.67, close to crucial support at $0.66; a break below might reach $0.60.
Cardano has entered a precarious technical position as its short-lived Golden Cross appears ready to conclude, potentially giving way to a Death Cross pattern that could trigger additional selling pressure.
The altcoin currently trades at $0.67, hovering dangerously close to the crucial $0.66 support level that has become the focal point for determining ADA’s near-term direction.
#CEXvsDEX101
Cardano’s Golden Cross may have ended in a Death Cross configuration after just three weeks.
Long-term holders are maintaining their positions despite price weakness
ADA is now trading at $0.67, close to crucial support at $0.66; a break below might reach $0.60.
Cardano has entered a precarious technical position as its short-lived Golden Cross appears ready to conclude, potentially giving way to a Death Cross pattern that could trigger additional selling pressure.
The altcoin currently trades at $0.67, hovering dangerously close to the crucial $0.66 support level that has become the focal point for determining ADA’s near-term direction.
#CEXvsDEX101
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