{"id":134879,"date":"2024-08-05T10:30:55","date_gmt":"2024-08-05T07:30:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134879"},"modified":"2024-08-05T01:16:00","modified_gmt":"2024-08-04T22:16:00","slug":"what-happened-to-cardano-last-week","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/what-happened-to-cardano-last-week\/","title":{"rendered":"What Happened to Cardano Last Week?"},"content":{"rendered":"<p>Cardano (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\"><strong>ADA<\/strong><\/a>) was significantly affected, experiencing increased selling pressure and triggering a \u201c<em>death cross<\/em>\u201d signal on its short-term charts.<\/p>\n<p>A death cross, indicating bearish momentum, occurs when the short-term moving average crosses below the long-term moving average. For Cardano, this pattern appeared on the four-hour chart as the 50-period moving average fell below the 200-period moving average. This signal suggests potential further declines for the ADA.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitfinex-executive-predicts-bitcoin-price-range-for-august\/\" title=\"Bitfinex Executive Predicts Bitcoin Price Range for August\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/bitcoin231231-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitfinex Executive Predicts Bitcoin Price Range for August<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>According to Santiment, historical data shows that low seven-day average trader returns for leading cryptocurrencies, including ADA, increase the likelihood of a rebound. The online analytics company also noted that when we see such low 7-day average trader returns for leading cryptocurrencies such as <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>BTC<\/strong><\/a>, <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\"><strong>ETH<\/strong><\/a>, ADA, <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\"><strong>XRP<\/strong> <\/a>and others, the likelihood of a rebound increases significantly.<\/p>\n<p>A relief rally for ADA could target the 50-day SMA at $0.397 and further at $0.43. A sustained break above the 200 day SMA at $0.50 could initiate a bullish recovery for Cardano, allowing it to break out of its current trading range. Conversely, if the decline continues, Cardano could find support between $0.31 and $0.33.<\/p>\n<p>At the time of writing, ADA is down 3.5% over the past 24 hours to $0.3474 and down 15% for the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sell-off in the cryptocurrency market deepened over the weekend, with major assets extending their weekly losses.<\/p>\n","protected":false},"author":3,"featured_media":102190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-134879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Happened to Cardano Last Week?<\/title>\n<meta name=\"description\" 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