Deeper Cardano (ADA) Price Dip Likely as Double “Death” Crossovers Loom

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Well, well, well. Cardano (ADA) seems to be having a bit of a mid-life crisis. Over the past 24 hours, the price has dropped more than 5%, shattering any illusion of “smooth sailing” from the last few months. Ouch!

Despite this sudden drop, let’s not panic just yet. The bigger picture remains relatively intact-ADA is still up a solid 31% over the last three months. But with some ominous technical and on-chain signals flashing like a warning light in your rearview mirror, it might be time to brace for more turbulence before the inevitable rebound. Or is it?

Whale Outflows Align With Looming Double Death Crossovers

Let’s talk about the whales. And no, not the kind that make the Discovery Channel so thrilling, but the crypto whales who seem to be getting a little skittish. In the past few days, wallets holding between 10 million and 100 million ADA have decided to lighten their load, trimming their holdings from 13.09 billion to 13.07 billion. That’s a net drop of 20 million ADA, worth about $16 million at today’s prices. I don’t know about you, but I’d still be pretty happy with $16 million in my back pocket. 😅

But despite that modest drop, the big players’ retreat usually signals growing caution, especially when paired with technical signals flashing “uh-oh.” It’s like when you’re at a party, and you see the serious investors heading for the exit door-something’s definitely up.

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Now, let’s dive into the 4-hour chart (the thing that traders look at like a hawk). The dreaded Exponential Moving Average (EMA) is showing some red flags. The short-term 20-period EMA (that’s the red one) has now slid below both the 50-period (orange) and 200-period (deep blue). In crypto lingo, that’s called a “Death Crossover.” And no, it’s not a metal band’s new album-it’s a sign that the sellers might be taking control, pushing the price lower.

But wait for it-there’s more. We’ve got not one, but TWO Death Crossovers happening here. It’s like a double shot of bad news for ADA. If the whales are packing up and the EMAs are saying “danger ahead,” it’s probably safe to assume that the short-term outlook isn’t exactly sunshine and rainbows.

Put it all together-whale outflows and a bearish EMA setup-and you’ve got a recipe for a short-term correction. But hey, don’t forget the bigger picture-Cardano’s still on an uptrend in the long run. It’s just this part of the journey that’s looking a little, well, rocky.

Bearish Pattern Hints at $0.76 Cardano Price Target

Looking at that 4-hour chart again, ADA seems to be stuck in a descending channel, like a crypto version of a traffic jam. You know, lower highs, lower lows. Classic pattern when the market is correcting and the sellers are in charge. If we follow the breakdown from this channel, the ADA price target could fall to around $0.76-yep, that’s a 6% correction from where we’re standing now. But hold your horses before you go crying-there’s a chance that ADA might find support at $0.78, assuming the whales decide to get back to buying. So, yeah, there’s still hope.

On the other hand, if ADA manages to pull a miracle and closes a 4-hour candle above $0.85, and maybe even breezes past $0.88, well, then it’s time to throw those bearish thoughts out the window. It would invalidate this whole gloomy setup and possibly mark the end of the correction phase. Now, wouldn’t that be a plot twist? 📉➡️📈

Until then, let’s keep our fingers crossed that ADA can avoid a nosedive and instead just cool off a bit before continuing its upward journey. It’s a crypto rollercoaster, after all, and we’re all just hanging on for dear life.

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2025-10-08 22:53