Cardano Battles Bears, Defying Death Cross Amid Market Downturn

Despite a bearish signal on its price chart – the death cross phenomenon – Cardano (ADA) defied the market downturn and rallied sharply. This resistance against traditional downward pressure comes amidst heightened volatility in the crypto space, with over $1.4 billion in liquidations recorded during Monday’s trading session. 2023 has seen significant growth for ADA as its price broke above the $0.51 mark and continued to climb on Monday.