從去年11月的最高水平起，Cardano（ADA）的價格已墜毀超過51％，而且技術人員指出了進一步的缺點。

Cardano（ADA）週日的交易價格為0.646美元，其市值超過227億美元。最近的下降主要與其他加密貨幣的性能一致。

Cardano (ADA) price has slid by over 51% from its highest level in November last year, and technicals point to a further downside.

Cardano（ADA）的價格從去年11月的最高水平下降了51％以上，技術人員指出了進一步的缺點。

Cardano (ADA) was trading at $0.646 on Sunday, bringing its market cap to over $22.7 billion. The recent decline is mostly in line with the performance of other cryptocurrencies. Its top comparable tokens, like Solana (SOL), Binance Coin (BNB), and Avalanche (AVAX), have all moved into a bear market.

Cardano（ADA）週日的交易價格為0.646美元，其市值超過227億美元。最近的下降主要與其他加密貨幣的性能一致。它的頂級令牌，例如Solana（Sol），Binance Coin（BNB）和Avalanche（Avax），都進入了熊市。

Cardano navigates death cross

卡達諾導航死亡十字架

There is a risk that the ADA price will continue downward in the next few weeks as a death cross pattern nears. A death cross forms when the 200-day and 50-day Exponential Moving Averages cross each other while pointing downwards.

隨著死亡交叉模式接近，ADA價格將在接下來的幾週內繼續下降。當200天和50天的指數移動平均彼此交叉時，死亡交叉形成。

In Cardano’s case, the spread between the two moving averages has narrowed in the past few months. The 200-day MA stands at $0.729, while the 50-day one is at $0.736. The spread stood at over 20% a few weeks ago.

在Cardano的情況下，在過去的幾個月中，兩個移動平均值之間的差異已縮小。 200天的MA為0.729美元，而50天的MA為0.736美元。幾週前，差異達到20％以上。

A death cross often leads to a substantial decline over time. For example, the last time that Cardano price formed this pattern was in May last year, and the coin dropped by over 40%.

隨著時間的流逝，死亡十字架通常會導致大幅下降。例如，卡爾達諾（Cardano）價格上次形成這種模式是在去年5月，硬幣下降了40％以上。

The opposite of a death cross is known as the golden cross. Cardano formed this cross in November last year, leading to a nearly 200% price surge.

死亡十字架的相反被稱為金十字架。卡爾達諾（Cardano）於去年11月成立了這一十字架，導致價格上漲了近200％。

Worse, Cardano has also formed a descending channel comprising a series of higher lows and lower highs. It also formed a head-and-shoulders pattern, a popular bearish continuation sign.

更糟糕的是，Cardano還形成了一個下降通道，其中包括一系列更高的低點和較低的高點。它還形成了頭和肩的圖案，這是一個流行的看跌式延續標誌。

Therefore, if the death cross pattern forms fully, the coin will likely continue falling in the next few days. If this happens, the next potential target will be $0.515, its lowest level in February this year.

因此，如果死亡交叉模式完全形成，則硬幣可能會在接下來的幾天內繼續落下。如果發生這種情況，下一個潛在目標將為0.515美元，即今年2月的最低水平。

ADA faces major fundamental challenges

ADA面臨重大挑戰

Cardano price faces some major fundamental challenges too. The most visible one is that its ecosystem dwarfs that of other blockchains. The total value locked in the network has dropped to $314 million.

Cardano Price也面臨著一些主要的基本挑戰。最明顯的是，其生態系統相形見war。網絡中鎖定的總價值已降至3.14億美元。

In contrast, other recently launched chains with much smaller market caps, like Berachain, Sonic, Sui, and Sei have much higher assets in their DeFi networks. Berachachain has over $2.97 billion in assets, while Sui has $1.2 billion.

相比之下，其他最近推出的連鎖店具有較小的市值，例如Berachain，Sonic，Sui和SEI在其DEFI網絡中具有更高的資產。 Berachachain擁有超過29.7億美元的資產，而SUI的資產為12億美元。

The same is true with Cardano’s stablecoin assets, a notable figure since all transactions in the blockchain industry are conducted in these tokens. Cardano has just $30 million in stablecoins compared to Berachain’s $1.3 billion and Sonic’s $576 million.

Cardano的Stablecoin資產也是如此，這是一個值得注意的數字，因為這些令牌中都進行了區塊鏈行業的所有交易。與貝拉辛（Berachain）的13億美元和索尼克（Sonic）的5.76億美元相比，卡爾達諾（Cardano）只有3,000萬美元的Stablecoins。

Further, some of the most anticipated Cardano catalysts have not happened. For example, its integration with BitcoinOS, which was announced in October last year, has not been launched. Also, it is unclear whether the much-anticipated meeting between Cardano founder Charles Hoskinson and a VIP happened and its outcomes.

此外，一些最令人期待的Cardano催化劑還沒有發生。例如，它與去年10月宣布的與比特幣的集成尚未啟動。同樣，尚不清楚卡爾達諾創始人查爾斯·霍斯金森（Charles Hoskinson）之間的備受期待的會議是否發生了，貴賓及其成果。

While a potential ADA ETF is a positive catalyst, the ongoing ETH ETF outflows indicate that investors are largely interested in spot Bitcoin funds alone.

儘管潛在的ADA ETF是積極的催化劑，但正在進行的ETH ETF流出表明投資者僅對現貨比特幣基金感興趣。