Cardano (ADA) Death Cross Appears as Price Loses 15%, Levels to Watch

utoday12-16 16:00

The cryptocurrency market is flashing bearish signals as the end of the year approaches. Cardano, the 10th largest cryptocurrency by market capitalization, has completed a death cross pattern on its ...

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Cardano, the 10th largest cryptocurrency by market capitalization, has completed a death cross pattern on its ...</p>\n\n<a href=\"https://u.today/cardano-ada-death-cross-appears-as-price-loses-15-levels-to-watch\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADA.AU","symbol_name":"ADACEL TECHNOLOGIES LIMITED","start_time":0,"source_url":"https://u.today/cardano-ada-death-cross-appears-as-price-loses-15-levels-to-watch","article_id":"2592932909","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/cardano-ada-death-cross-appears-as-price-loses-15-levels-to-watch","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592932909","pubTimestamp":1765872000,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"The cryptocurrency market is flashing bearish signals as the end of the year approaches. Cardano, the 10th largest cryptocurrency by market capitalization, has completed a death cross pattern on its s","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADA.AU":"ADACEL TECHNOLOGIES LIMITED","BK7016":"应用软件"},"translate_title":"卡尔达诺(ADA)死亡交叉出现，价格下跌15%，值得关注","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADA.AU":1.5},"content_text":"The cryptocurrency market is flashing bearish signals as the end of the year approaches. Cardano, the 10th largest cryptocurrency by market capitalization, has completed a death cross pattern on its short-term charts.In particular, a death cross pattern formed when the short-term moving average, MA 50, falling below the MA 200 appeared on the three-hour chart. ADA/USD 3-Hour Chart, Courtesy: TradingView At press time, ADA was down 1.49% in the last 24 hours to $0.386, corresponding with a broader crypto market slump following weak U.S. jobs data.Recently released jobs figures, which were hitherto delayed due to the government shutdown, showed a net loss over the past two months. A total of 64,000 jobs were added in November, while the unemployment rate rose to 4.6%, a four-year high compared to expectations of 4.4%. As for October, employment fell by 105,000 versus 119,000 jobs added in September.Cardano is down 15% weekly as the crypto market remains in a weakened position following October's sell-off.What's next: Key levels to watchThe altcoin market continues to seek a bullish catalyst as the extended sell-off since October weighed on investor sentiment. Oversold signals presented in the latest death cross and the RSI indicator might offer a tentative glimmer of hope.ADA is approaching a key level of support that acted as price bottom over the past year. Cardano rose 216% from the $0.32 support  to $1.15 in November 2024, eventually reaching $1.32 in December of the same year. It will be interesting to see if history repeats itself this time. In the short term, a return above $0.48 might help Cardano snap its current downtrend. If this is achieved, Cardano will target $0.51 next. A rise above this might begin a new uptrend for the ADA price, with the potential to reach $1. As mentioned earlier, crucial support is expected at the $0.32 level.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592932909","isCrawlerRequest":true}