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.