Cardano (ADA) surprised investors by posting an 11% gain despite a “death cross” appearing on its daily chart. This bearish signal occurs when the 50-day moving average drops below the 200-day moving average, typically indicating further downside.

The death cross coincided with a broader market sell-off, which resulted in $1.44 billion in crypto liquidations. However, instead of declining further, ADA rebounded sharply from a low of $0.51 during Monday’s session.

ADA Price Action and Key Levels

At press time, ADA traded at $0.6128 after reaching an intraday high of $0.604. Analysts now focus on the resistance zone between $0.70 and $0.73, while key support lies between $0.40 and $0.51. If ADA maintains its momentum, it could invalidate the bearish implications of the death cross and strengthen bullish sentiment.

24-hour price chart. Source: TradingView

Cardano’s development team, Input Output, shared key milestones from March. As of March 28, 2025, nearly 2,000 projects were building on the network. Meanwhile, the number of delegated wallets increased by 4,000, reaching 1.328 million.

Token policies grew by 2,578, and the ecosystem saw 30,000 more minted native tokens. Plutus scripts rose by 2,631, totaling 129,745, including 5,909 Aiken scripts.

Recent Updates and Network Advancements

March introduced significant technical upgrades, including Lace v.1.21.0 and node v.10.2.1, which enhanced tracing support and integrated Ouroboros Genesis. A large-scale network test of Leios, featuring 3,000 nodes, demonstrated improved performance due to network topology optimizations.

Additionally, the Cardano community refined the voting and budgeting processes under the Voltaire governance model.

In its latest update, Input Output confirmed the submission of its 2025 Core Cardano Development Proposal for DRep, committee, and community review.