What is happening to the price of Cardano in the last week

The sell-off in the cryptocurrency market over the weekend intensified, with major assets expanding their weekly decline. Cardano (ADA) was significantly affected, experiencing increased selling pressure and triggering a “death cross” signal on its short-term charts.
A death cross, indicating a bearish impulse, occurs when the short-term moving average crosses below the long-term moving average. For Cardano, this pattern appeared on the four-hour chart, with the 50-period moving average falling below the 200-period moving average. This signal suggests potential further declines for ADA.
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According to historical data from Santiment, low seven-day average returns for traders of leading cryptocurrencies, including ADA, increase the likelihood of a rebound. The on-chain analysis firm also noted that when we see such low seven-day average returns for traders of leading cryptocurrencies like BTC, ETH, ADA, XRP, and others, the likelihood of a rebound significantly increases.
A relief rally for ADA could target the 50-day simple moving average at $0.397 and further to $0.43. A sustained breakthrough above the 200-day simple moving average at $0.50 could initiate a bullish recovery for Cardano, allowing it to break out of its current trading range. On the other hand, if the decline continues, Cardano may find support between $0.31 and $0.33.
At the time of writing, ADA has declined by 3.5% in the last 24 hours to $0.3474 and by 15% for the week.