u.today
Cardano ($ADA) has confirmed a death cross on the daily price chart as the crypto asset continues to show bearish trends. In the past 24 hours, the $ADA price dropped more than 1.2%, according to CoinMarketCap data.
Death cross formed on $ADA charts
As seen on a TradingView chart, Cardano peaks near $0.610 before a series of bearish red candles, driving it down to roughly $0.489.
The death cross formation, which is a bearish technical signal, happened when the 9-period SMA crossed below the 26-period SMA.
The Cardano chart revealed a tight spread between the SMAs. The 9-period SMA came in at $0.5627, while the 26 SMA happened at $0.5666, indicating weakening momentum but sustained bearishness.
Historically, this pattern preceded times when major cryptocurrency assets have experienced a prolonged price downtrend or consolidation. For $ADA, the timing of this bearish pattern could not be worse.
$ADA has experienced a steady decline since September, and the confirmation of the death cross now confirms the almost two-month bearish structure.
This aligns with recent U.Today reports, where Cardano confirmed a death cross on its hourly charts. Specifically, the 50-period MA crossed below the 200-period MA, reflecting short-term selling pressure amid a four-day decline from $0.693.
Is there hope for future Cardano $ADA rally?
Cardano is currently trading at $0.5731, down 1.2% over the past 24 hours. This decline pushed monthly and yearly gains down 18.8% and 2.1%, respectively.
A deeper retracement is now possible due to the breakdown below the $0.66 support level. Also, the next strong demand zone is located between $0.55 and $0.56.
However, the Relative Strength Index (RSI) showed upside potential. Notably, the RSI is not deeply oversold yet at 55.
This suggests room for further downside before a potential bounce. Also, an RSI bounce above 60 could signal a reversal, especially if crypto more broadly rebounds.
Meanwhile, the recent $ADA price dip is not an isolated signal but part of a broader sell-off in November 2025. Bitcoin (BTC), the leading market coin, has dropped more than 8.2% over the past month.
Furthermore, Cardano whales have been offloading their coins, amplifying the selling pressure. In just two weeks, Cardano whales sold 140 million $ADA coins as they engaged in profit-taking moves.