Cardano Price Prediction: ADA Could Defy the Death Cross at $0.70 and Reclaim $1

The recent decline, marked by a 37% drop this month, has brought concerns of a potential “Death Cross,” a technical pattern signaling a bearish trend. However, ADA crypto is also showing resilience, with some analysts suggesting a possible recovery toward the $1 mark if key support levels hold.

A Death Cross occurs when the 50-day exponential moving average (EMA) falls below the 200-day EMA, historically signaling extended price declines. If confirmed, this would mark ADA’s first Death Cross in ten months, effectively ending the bullish momentum established by the previous Golden Cross.

Cardano is approaching a Death Cross, a bearish signal triggered when the 50-day EMA falls below the 200-day EMA, often preceding sharp declines. Source: TradingView

Market sentiment reflects this growing uncertainty. The MVRV Long/Short Difference, an on-chain metric that assesses the profitability of long-term holders compared to short-term traders, has steadily declined. This signals that long-term investors are seeing shrinking profits, increasing the likelihood of selling pressure.

ADA coin price is currently consolidating at $0.71, with the crucial $0.70 support level facing intense pressure. Analysts warn that if this bottom gives way, Cardano can drop to $0.62, cementing bearish pressure. On the other hand, if ADA succeeds in breaking through $0.77, it may restart an uptrend, potentially retesting the $0.85 resistance barrier and beyond.

Cardano may face short-term pressure if buyers fail to hold $0.60, but historical patterns and RSI trends suggest a breakout could be on the horizon. Source: Caramel0 on TradingView

“If ADA can manage to hold above $0.70, we can expect a strong push towards $0.85,” a popular crypto analyst said. “However, a drop below this threshold might open doors for further downside pressure.”

Macroeconomic factors have also played a role in ADA’s struggle to maintain momentum. Geopolitical stress, mainly anxieties about tit-for-tat tariffs due later in April from the economic strategy of President Donald Trump, have generated uncertainty in markets. The Federal Reserve and Bank of England’s recent choice to hold back on raising interest rates further contributed to the carefulness of investors.

Cardano (ADA) was trading at around $0.71, down 1.21% in the last 24 hours at press time. Source: Brave New Coin

Broader crypto market movements have also influenced ADA’s performance. The total coin market cap ADA fell below $2.75 billion recently, reflecting weakened investor confidence. Despite this, Cardano has shown resilience in the face of increased futures trading activity, with over 1.05 billion ADA coins traded in a single day, indicating strong speculative interest.

While short-term signals point to a bearish view, some analysts still remain optimistic about ADA’s long-term outlook. The ADA cryptocurrency keeps attracting whale investors, and reports are that high-net-worth buyers purchased approximately 190 million ADA tokens in the past 48 hours.

Cardano (ADA) could rebound from the $0.70 support and retest the immediate resistance at $0.82. Source: Caramel0 on TradingView

Cardano founder Charles Hoskinson is bullish on ADA’s future. “The sector has shown unbelievable resilience, and I envision 2025 as the break-out year for Cardano and the whole crypto universe,” he said recently.

ADA stands at a critical juncture. The looming Death Cross and macroeconomic problems pose grim threats, but strong technical support and increased market engagement may pave the way for a reversal. If Cardano can maintain its level above $0.70 and break over key resistance points, the $1 level is within reach. Traders and investors should closely monitor ADA’s next moves as it navigates this volatile phase.