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Cardano Faces Death Cross Formation as Golden Cross Period Concludes: What Does It Mean for ADA?

  • Cardano's Golden Cross may be ending in a Death Cross configuration after lasting only three weeks.
  • Long-term ADA holders are holding their positions despite price weakness, providing stability during market volatility.
  • ADA is currently trading near crucial support at $0.66, with a potential downside target of $0.60 if the support is breached.
  • The impending Death Cross formation, if confirmed, could lead to additional selling pressure on Cardano, with technical indicators pointing towards potential further declines.

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