Cardano Surprises Market with Price Jump Amid Death Cross

Despite a bearish indicator flashing on its charts, Cardano (ADA) is experiencing a surprising price surge. The “death cross,” which occurs when the 50-day moving average crosses below the 200-day moving average, has appeared on the Cardano daily chart. This unexpected move coincides with a significant crypto market sell-off, resulting in over $1.4 billion in liquidations yesterday.