Cardano (ADA) is growing in price, even though a common warning sign of a possible drop just showed up on its chart. This warning sign is called a “death cross”; it happens when the moving average price over the last 50 days drops below the moving average price over the last 200 days. Generally, this means prices might go down, but surprisingly, Cardano is still rising.
The death cross, which usually means a longer period of weakness, happened at the same time as a big sell-off in the crypto market yesterday. This sell-off resulted in $1.44 billion worth of crypto being sold suddenly. But right after this, Cardano suddenly got stronger and bounced back quickly from a low price of $0.51 during Monday’s trading session.
At the reporting time, Cardano (ADA) was up 11% in the past 24 hours to $0.588, after hitting intraday highs of $0.604.
Technical experts are now closely watching the resistance range between $0.70 and $0.73, while support is close to $0.40-$0.51. If ADA can sustain growth above these levels, it will invalidate the signs of a downturn of the death cross, boosting buyer confidence.
Cardano Ecosystem Continues To Expand
According to the reports, in a recent tweet, Cardano programmer Input Output announced highlights from March. Starting from March 28, 2025, Cardano was getting closer to 2,000 projects developing further. The number of staked wallets increased by 4,000, reaching 1.328 million.
The number of token rules & regulations increased by 2,578, and created native tokens increased by 30,000. Plutus scripts increased by 2,631, now hitting 129,745. Out of them, 5,909 are Aiken scripts.
March saw the launch of Lace v.1.21.0 and node v.10.2.1, which presented support for the new detecting system and started integration of Ouroboros Genesis — a new function that allows nodes to self-fund from the network.
A large-scale test of Leios was done on a real network with 3,000 nodes, and it displayed that the way the network is set up helps boost performance. Also, as part of ongoing upgrades to Cardano’s Voltaire system, the ways people vote and manage budgets have been verified and enhanced.
In a current update, Input Output said that it had shared its plan for developing Cardano in 2025. The plan is currently ready for review by DRep, the committee and the community.
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