币界网报道：Cardano (ADA) faces potential downside risks as traders identify a "death cross" pattern on its price chart, where the 50-day moving average crosses below the 200-day moving average—a bearish technical indicator. Currently trading around $0.38, ADA has dropped over 30% in the past month amid broader crypto market weakness. Analysts warn that if selling pressure persists, ADA could test support at $0.30, a level last seen in early 2023. However, some traders remain cautiously optimistic, noting that Cardano's upcoming network upgrades, including the Chang hard fork expected in Q2 2024, could revive investor interest. The hard fork aims to introduce decentralized governance features, potentially boosting ADA's utility. Market sentiment remains mixed, with derivatives data showing declining open interest but stable funding rates, suggesting no extreme bearish positioning yet.