Cardano’s weekly chart is catching the eye of technical analysts as a potential “death cross” formation emerges, raising fresh concerns about the cryptocurrency’s price direction. With the 50
Cardano’s weekly chart is catching the eye of technical analysts as a potential “death cross” formation emerges, raising fresh concerns about the cryptocurrency’s price direction. With the 50-week and 200-week moving averages drawing closer together, the possibility of a downward crossover in the coming weeks is sparking speculation. Should this bearish configuration play out, it would trigger a technical signal often seen as a harbinger of extended downturns across financial markets.
In market analysis, a “golden cross” occurs when a short-term moving average rises above a long-term one, typically seen as a bullish indicator. In contrast, the “death cross” is formed when the short-term average crosses beneath the long-term average, signaling potential weakness ahead. Right now, Cardano’s 50-week moving average is turning downward and appears poised to slip below the 200-week average in the weeks ahead, putting bears in the driver’s seat.
Glossary: A death cross is a technical indication created when a short-term moving average falls below a long-term moving average. While closely watched, it is considered a lagging indicator and does not itself establish a new price trend.
The previous weekly death cross for Cardano’s native asset ADA surfaced in December 2022, months after ADA had descended from its all-time high of nearly $3 reached in September 2021. Back then, the signal followed sustained selling pressure that had weighed on the cryptocurrency for months.
Seasoned investors view moving average crossovers as lagging indicators, so a single signal is not accepted as definitive proof of lasting trend reversals.
Historical patterns show that ADA moved mostly sideways in the months after its last death cross, which some took as an early clue that prices were bottoming. However, analysts warn similar signals don’t guarantee identical outcomes. For example, following a golden cross in July 2025, ADA managed only a modest rally to $1.02 before renewed selling knocked the price lower.
Recently, the broad downturn in the cryptocurrency market and concerns about Cardano’s ecosystem drove ADA as low as $0.148—a level last seen in December 2020. While momentum indicators are starting to flash oversold readings, analysts say convincing evidence of a lasting recovery is still lacking.
Cardano founder Charles Hoskinson has weighed in, warning that the ongoing bear market could trigger fractures within the crypto ecosystem. After an earlier announcement that he was taking a break, Hoskinson recently clarified via video that he is not stepping away from the project.
In his video address, Charles Hoskinson said, “As an ecosystem, we stand at the edge of a cliff.”
Should Cardano repeat previous technical patterns and establish a bottom after the looming death cross, analysts believe price levels between $0.20 and $0.30 may again come into focus. On the flip side, if the current bearish trend persists, the $0.10 band could act as a major support zone.
This article originally appeared on COINTURK and tracks Cardano’s latest weekly developments as the market weighs the impact of impending technical signals and founder commentary.
The post Cardano hits $0.148 as ‘death cross’ looms! What is the big risk for ADA investors? appeared first on COINTURK NEWS.
