Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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?
The most likely ADA price forecast is bearish as it has formed a death cross pattern on the daily chart.
2. What are the bearish catalysts for the ADA price?
The most bearish catalysts for the ADA price is that it has weak technicals and the odds of Cardano ETF approval are falling.
3. Will the SEC approve a spot ADA ETF?
The SEC may approve a spot Cardano ETF despite the falling odds on Polymarket.
/
- Crypto Market Bill Nears Resolution as Ripple CLO Signals Compromise After Key Meeting
- $3.5T Banking Giant Goldman Sachs Discloses $2.3B Bitcoin, Ethereum, XRP, and Solana Exposure
- Why is XRP Price Dropping Today?
- Breaking: FTX’s Sam Bankman-Fried (SBF) Seeks New Trial Amid Push For Trump’s Pardon
- Fed’s Hammack Says Rate Cuts May Stay on Hold Ahead of Jobs, CPI Data Release
- Bitcoin Price Analysis Ahead of US NFP Data, Inflation Report, White House Crypto Summit
- Ethereum Price Outlook As Vitalik Dumps ETH While Wall Street Accumulates
- XRP Price Prediction Ahead of White House Meeting That Could Fuel Clarity Act Hopes
- Cardano Price Prediction as Bitcoin Stuggles Around $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.














