Cardano (ADA) has experienced a significant price drop of nearly 10% in the last 24 hours and a 30% correction over the past month. Despite the decline, trading volume has surged by 123%, indicating heightened market activity driven by selling pressure. Technical indicators suggest that bearish momentum remains dominant, although potential reversal signals are emerging. The BBTrend indicator shows a slight shift in momentum, but buying pressure is not as strong as during previous rallies. The Ichimoku Cloud also indicates a strong bearish trend, with the price trading well below the cloud and other indicators reinforcing selling pressure. If the price can break above certain levels, there is potential for a significant recovery, but until then, the bearish trend is expected to continue.



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