In the shadowy depths of Cardano’s daily chart, a specter looms—a “death cross,” as they call it, where the 50-day moving average slinks beneath the 200-day, like a thief in the night. This harbinger of doom whispers of a 25% plunge, a descent into the abyss of $0.50, a price not seen in five long months. The crypto market, already a tempest of volatility, trembles under the weight of Trump’s tariffs, adding fuel to the fire.
At $0.67, Cardano clings to a mere 1% gain in the last 24 hours, a feeble attempt to stave off the 6.4% drop of the past week. The Relative Strength Index, at 44, signals more selling pressure, as if the market itself is conspiring against it. Should it breach $0.50, the next stop could be $0.323, a pit of despair where ADA might languish, forgotten by buyers and traders alike.
Yet, amidst the gloom, a flicker of hope remains. The announcement of Ripple’s RLUSD token launching on the ADA platform, courtesy of Charles Hoskinson, could be the lifeline Cardano needs. Some dare to dream of a repeat of 2024’s rally, where ADA soared to $2.50. Traders, ever the optimists, are placing their bets on a rebound, with long positions on the rise, as if to defy the death cross’s grim prophecy.
So, will Cardano succumb to the death cross’s curse, or will it rise like a phoenix from the ashes? Only time will tell, but one thing is certain: in the world of crypto, nothing is ever as it seems. 🚀📉
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2025-04-02 21:40