Beware! This crypto may experience a decline in the coming days

Cardano soon before a deadly cross?

The atmosphere is tense around the crypt of Charles Hoskinson. Some technical signals indicate a worrying scenario: it seems that a diameter with a diameter of 50 and 200 hours between 50 and 200 hours. What is commonly called a “deadly cross” often interpreted as an indicator of an extended decline, especially on short time units.

ADA is currently developing around $ 0.55,530, which is 2.64 % in the last 24 hours. In June, the loss exceeds 28 %. There is no need to draw: Dynamics is clearly on the crypto and the threshold of $ 0.50 becomes critical. Below is not much to be amortized by a drop in front of the 0.42–0.45 USD zone.

Ada course

This means that the support has not yet dropped. The analyst Crypto @stastanaBull notes that we are testing this area exactly. As long as this level has, it remains on the table. But if it breaks, the effect of the snowball could start quickly. This is a time when the buyer really has to prove that they are still there.

Light of hope or last breath for crypto?

There are still reasons to hope for the short term. @AV_Sebastian identifies the configuration in “Inverted Heap-toe-Shalder” on the chart in 4 hours: classic bull conversion. If ADA manages to properly exceed 50 mobile average 50, we could see a quick return to $ 0.65, the highest terminal of the lower channel.

On the side of macrostructure @Cryptosmith0x, it reminds that the current situation is very similar to the situation that preceded the pumps +240 % for the crypto in the past. The main descending line of the trend is on fire. If Ada exceeded it, it would be a strong signal that could move up to $ 2.60 in the medium term.

In short, Cardano plays big in the coming days. On the one hand, there are stimulating conversion of elements and on the other hand always fragile basic dynamics. The market is waiting for a clear decision. And when it comes, it can make noise.

Morality History: You should not sell the skin of the bear before you killed it … But with Cardan you are not sure that the bear is still alive.

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(Tagstotranslate) Cardano crypto

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