{"id":458091,"date":"2021-03-05T11:00:50","date_gmt":"2021-03-05T11:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=458091"},"modified":"2021-03-05T10:20:07","modified_gmt":"2021-03-05T10:20:07","slug":"cardano-ada-death-cross-spells-worries-despite-bullish-mary-fork","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-ada-death-cross-spells-worries-despite-bullish-mary-fork\/","title":{"rendered":"Cardano (ADA) Death Cross Spells Worries Despite Bullish “Mary” Fork"},"content":{"rendered":"
A sell-off in the Cardano market Thursday brought its benchmark instrument ADA\/USD down by more than 11 percent.<\/p>\n
The pair touched a week-to-date low of $1.02, about 31 percent lower than its record high established on February 27. It later underwent a modest recovery phase after finding support in a short-term upward trendline. The bounce prompted the price to attempt a close above its 50-period moving average, only to pull back later owing to higher selling pressure near the blue wave.<\/p>\n