The post Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges appeared on BitcoinEthereumNews.com. Cardano price has remained in a tight range in the past few days. ADA was trading at $0.5610 today, Nov. 13, down by over 50% from its highest level since August this year. It has now formed a giant inverse cup-and-handle pattern, pointing to more downside as its DeFi network crashes. Cardano Price Has Formed an Inverse Cup & Handle Pattern ADA price has been in a strong downward trend in the past few months, moving from a high of $1.0193 in August to $0.5600 today. It has moved below the 50-day and 200-day Exponential Moving Averages (EMA). The two averages have made a bearish crossover known as a death cross, which is one of the riskiest patterns in technical analysis. Cardano price has also formed an inverse cup-and-handle pattern, which is a common bearish continuation signs. This pattern is made up of a horizontal line and a rounded top, which forms the cup section. It also has a consolidation or a brief comeback that forms the handle section.  One way to identify an asset’s target is to measure the distance from the upper side and the lower side. In this case, this distance is about 54%. One then measures the same distance from the cup’s lower side. By doing this, the most likely ADA price forecast 2025 is bearish, with the next key target being at $0.2532, which is about 55% below the current level. Cardano price chart On the flip side, a move above the 50-day Exponential Moving Average (EMA) at $0.6615 will invalidate the bearish Cardano price forecast and point to more upside.  Key Cardano DeFi Metric Has Plunged Cardano price is at risk of more downside also because of its weak fundamentals. Data compiled by DeFi Llama shows that the total value locked (TVL) in its… The post Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges appeared on BitcoinEthereumNews.com. Cardano price has remained in a tight range in the past few days. ADA was trading at $0.5610 today, Nov. 13, down by over 50% from its highest level since August this year. It has now formed a giant inverse cup-and-handle pattern, pointing to more downside as its DeFi network crashes. Cardano Price Has Formed an Inverse Cup & Handle Pattern ADA price has been in a strong downward trend in the past few months, moving from a high of $1.0193 in August to $0.5600 today. It has moved below the 50-day and 200-day Exponential Moving Averages (EMA). The two averages have made a bearish crossover known as a death cross, which is one of the riskiest patterns in technical analysis. Cardano price has also formed an inverse cup-and-handle pattern, which is a common bearish continuation signs. This pattern is made up of a horizontal line and a rounded top, which forms the cup section. It also has a consolidation or a brief comeback that forms the handle section.  One way to identify an asset’s target is to measure the distance from the upper side and the lower side. In this case, this distance is about 54%. One then measures the same distance from the cup’s lower side. By doing this, the most likely ADA price forecast 2025 is bearish, with the next key target being at $0.2532, which is about 55% below the current level. Cardano price chart On the flip side, a move above the 50-day Exponential Moving Average (EMA) at $0.6615 will invalidate the bearish Cardano price forecast and point to more upside.  Key Cardano DeFi Metric Has Plunged Cardano price is at risk of more downside also because of its weak fundamentals. Data compiled by DeFi Llama shows that the total value locked (TVL) in its…