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Cardano ($ADA) just pulled a plot twist on the charts!
After Donald Trump’s global tariff news sparked a crypto-wide selloff, ADA dropped hard — flashing a ‘death cross’ at $0.72 — a signal that usually means more pain ahead.
But Cardano said nope.
It rebounded sharply, bouncing from $0.53 to $0.60+ within hours — backed by increasing volume and an RSI recovery from the oversold zone.
Buyers are stepping in fast!
What’s a Death Cross?
A death cross is when the 50-day MA (red) crosses below the 200-day MA (blue) — seen as a long-term bearish signal.
But in ADA’s case, it may have tricked the bears!
Critical Support: $0.50
According to crypto analyst Mr. Brownstone:
➡️ $0.50 = the make-or-break level.
It has held strong since Nov 2023 — 3 solid bounces.
If it holds again, ADA could surge toward $0.70.
But a break below? We might be heading for $0.25…
Wedge Breakout Could Send ADA to $1.30!
On the weekly chart, ADA is consolidating in a broadening wedge pattern — a setup that could push the price 100% higher by June.
✅ Key Levels to Watch:
• $0.547 (200-week EMA – support)
• $0.662 (50-week EMA – resistance)
A breakout above $0.662 and RSI above 50 = blast-off mode!
TL;DR:
• Trump panic crash triggered a fakeout death cross
• ADA rebounded fast from $0.53 to $0.60+
• $0.50 = crucial support. Hold it, and $0.70–$1.30 is in sight
• Watch for wedge breakout + RSI recovery for confirmation!
Are you bullish or bearish on ADA right now?
Drop your thoughts in the comments — let’s discuss!
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