从去年11月的最高水平起，Cardano（ADA）的价格已坠毁超过51％，而且技术人员指出了进一步的缺点。

Cardano（ADA）周日的交易价格为0.646美元，其市值超过227亿美元。最近的下降主要与其他加密货币的性能一致。

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）的价格从去年11月的最高水平下降了51％以上，技术人员指出了进一步的缺点。

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）周日的交易价格为0.646美元，其市值超过227亿美元。最近的下降主要与其他加密货币的性能一致。它的顶级令牌，例如Solana（Sol），Binance Coin（BNB）和Avalanche（Avax），都进入了熊市。

Cardano navigates death cross

卡达诺导航死亡十字架

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.

随着死亡交叉模式接近，ADA价格将在接下来的几周内继续下降。当200天和50天的指数移动平均彼此交叉时，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的情况下，在过去的几个月中，两个移动平均值之间的差异已缩小。 200天的MA为0.729美元，而50天的MA为0.736美元。几周前，差异达到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%.

随着时间的流逝，死亡十字架通常会导致大幅下降。例如，卡尔达诺（Cardano）价格上次形成这种模式是在去年5月，硬币下降了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称为金十字架。卡尔达诺（Cardano）于去年11月成立了这一十字架，导致价格上涨了近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还形成了一个下降通道，其中包括一系列更高的低点和较低的高点。它还形成了头和肩的图案，这是一个流行的看跌式延续标志。

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，则硬币可能会在接下来的几天内继续落下。如果发生这种情况，下一个潜在目标将为0.515美元，即今年2月的最低水平。

ADA faces major fundamental challenges

ADA面临重大挑战

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也面临着一些主要的基本挑战。最明显的是，其生态系统相形见war。网络中锁定的总价值已降至3.14亿美元。

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，其他最近推出的连锁店具有较小的市值，例如Berachain，Sonic，Sui和SEI在其DEFI网络中具有更高的资产。 Berachachain拥有超过29.7亿美元的资产，而SUI的资产为12亿美元。

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资产也是如此，这是一个值得注意的数字，因为这些令牌中都进行了区块链行业的所有交易。与贝拉辛（Berachain）的13亿美元和索尼克（Sonic）的5.76亿美元相比，卡尔达诺（Cardano）只有3,000万美元的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催化剂还没有发生。例如，它与去年10月宣布的与比特币的集成尚未启动。同样，尚不清楚卡尔达诺创始人查尔斯·霍斯金森（Charles Hoskinson）之间的备受期待的会议是否发生了，贵宾及其成果。

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.

尽管潜在的ADA ETF是积极的催化剂，但正在进行的ETH ETF流出表明投资者仅对现货比特币基金感兴趣。