Cardano price paints ‘death cross’ with ADA at two-month lows vs.

(ADA) has formed a deadly “death cross” on its daily chart against (BTC) — a market signal that’s generally seen as a warning of more downside in the near term.

The ominously-titled indicator kicks in when an asset’s short-term moving average closes below its long-term moving average. In doing so, it calls for technically-minded traders to increase their bearish positions in the market.