NewsletterCardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
Highlights
- Cardano price has formed a death cross pattern on the daily chart.
- Technicals point to a steeper ADA crash in the near term.
- Odds of an ADA ETF approval have crashed on Polymarket.
Cardano price crash continued today, Oct. 30, after the Federal Reserve delivered a hawkish cut. ADA token plunged to $0.6065, down by 40 percent from its August highs. Its death cross and the falling ADA ETF approval odds mean that it may crash further soon.
Frequently Asked Questions (FAQs)
1. What is the most likely Cardano price forecast?
2. What are the bearish catalysts for the ADA price?
3. Will the SEC approve a spot ADA ETF?
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