Cardano News Today: Capital Flees Cardano's Death Cross, Pours Into Remittix's Payments Vision

Cardano’s price chart has confirmed a death cross, a bearish technical signal that has intensified downward pressure on ADA. The 50-period moving average fell below the 200-period average on the 4-hour chart, coinciding with a sharp decline from $0.888 to $0.754. Over $855 million in leveraged positions were liquidated globally, with long traders accounting for 84% of the losses. This deterioration follows a broader market selloff, as ADA struggles to maintain momentum amid waning trading volume, which has dropped 58.72% in the past 24 hoursCardano Chart Confirms Death Cross Hinting At Lower Prices, Top ADA Holders Are Reallocating Here^[1].

The death cross has prompted top ADA holders to reallocate capital toward more aggressive projects, with a notable shift into Remittix (RTX). On-chain data indicates that ADA whales and retail investors are increasingly rotating into Remittix, drawn by its high-potential narrative and utility-driven model. Remittix, which has sold over 672 million tokens and raised $26.7 million, has secured two CEX listings and is preparing for a third. Its beta wallet is now live, and the project offers a 15% USDT referral program. The platform, audited by CertiK and ranked first in pre-launch token rankings on the same platform, emphasizes direct crypto-to-bank transfers in 30+ countries and mass-market appealCardano Chart Confirms Death Cross Hinting At Lower Prices, Top ADA Holders Are Reallocating Here^[1].

Cardano’s long-term roadmap remains intact, with the upcoming Ouroboros Leios upgrade aiming to boost throughput by 30–55x. Founder Charles Hoskinson has highlighted this as critical for resolving scalability issues and enhancing interoperability. However, the immediate technical outlook remains bearish, with key support levels at $0.6000–$0.6500. Failure to hold these levels could push ADA toward the $0.3000–$0.4000 range. Analysts note that while the death cross is a traditional bearish signal, historical patterns are not always reliable predictors, and reversals are possible if broader market conditions improveCardano Approaching First Death Cross: What’s Next for ADA Price?^[2].

The reallocation to Remittix reflects a strategic pivot by ADA holders seeking growth over stability. Unlike Cardano’s incremental development, Remittix’s focus on payments infrastructure and aggressive utility has positioned it as a destination for capital seeking high returns. The project’s CertiK audit, wallet deployment, and referral incentives have driven adoption, particularly among freelancers and global earners. Its structural advantages—such as direct bank transfers and regulatory compliance—underscore its potential to capture market share in the payments sectorCardano Chart Confirms Death Cross Hinting At Lower Prices, Top ADA Holders Are Reallocating Here^[1].

Market dynamics suggest a fracturing of momentum from ADA into newer projects like Remittix. While Cardano’s foundational upgrades could provide long-term support, the immediate bearish trend and capital reallocation indicate a shift in investor priorities. Remittix’s third CEX listing and ongoing wallet testing further reinforce its narrative, positioning it as a viable alternative to ADA’s slower growth trajectory. This shift highlights the growing importance of utility-driven projects in a market increasingly focused on tangible use casesCardano Chart Confirms Death Cross Hinting At Lower Prices, Top ADA Holders Are Reallocating Here^[1].