Cardano could experience the shortest death cross in history, What it means.

Cardano has recently risen above $0.70, showing signs of recovery, but a death cross formation just 16 days ago could signal the end of its bearish trend if the price continues to rise.

The Relative Strength Index at a 7-week high above 50.0 indicates growing investor confidence, and ADA could surpass the resistance of $0.77, aiming for $0.85 if the bullish momentum continues.

However, if Cardano fails to maintain its price above $0.70, it risks falling to $0.63, invalidating recent gains and reinforcing the bearish outlook.

Cardano (ADA) has recently shown modest recovery, taking advantage of the overall market optimism, which has pushed its price back above $0.70.

This rally has sparked renewed optimism among investors, and if the bullish momentum continues, Cardano could see a breakout above $0.80, potentially marking a significant change in its price trajectory.

Cardano could end its bearish trend

Cardano's technical indicators have recently shown signs of a possible trend change, especially following the formation of a death cross.

Sixteen days ago, the 200-day Exponential Moving Average (EMA) crossed below the 50-day EMA, signaling a bearish trend. This is known as a death cross, often seen as a negative signal in technical analysis.

However, the recent recovery above $0.70 and sustained bullish momentum could see ADA rise above $0.80.