Cardano prints death cross on 2-hour chart as ADA slips to $0.248
- —MA 50 dropped below MA 200 on ADA's 2-hour chart
- —ADA is down 2.74% in 24 hours to $0.248 and 0.8% on the week
- —Resistance sits near $0.29, with support at $0.227 and $0.213
- —Cardano Foundation rolled out CIP-0113 and a University of Nicosia course
Why it matters: The death cross is a lagging signal: continued selling would open the door to $0.227, while a move back above the averages would invalidate the bearish setup.
Source: U.Today