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Cardano Approaching First Death Cross: What's Next for ADA Price?

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Summary
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66% Informative

Cardano price has dropped 7.67% in the last week , with trading volume down 28.72% , signaling waning market interest.

The 50-day simple moving average ( SMA ) is likely to cross below the 200-day SMA in the coming days .

This crossover, known as the death cross, is typically seen as a bearish signal.

A death cross often leads to a further decline in price, although the extent of the drop can vary.

The chart shows a pattern of consolidation, with ADA price action fluctuating within certain support and resistance zones.

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46

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33

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formal

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English

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45

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short-lived

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