The price of Cardano (ADA) has experienced an 8% drop in the last 24 hours and has fallen over 13% in the past week. This suggests that bearish pressure is increasing. The recent death cross and rising ADX confirm a strengthening downtrend, with ADA trading between key support at $0.87 and resistance at $0.95. If the bearish momentum continues, ADA may face further declines. However, a recovery above $0.95 could lead to a test of levels beyond $1.03. The ADX for ADA has risen sharply to 23.2, indicating an increasing trend and suggesting that sellers have gained control. The ADA Ichimoku Cloud chart shows a bearish setup, with ADA trading below the cloud, indicating strong downward momentum. The Tenkan-sen and Kijun-sen lines have also crossed downward, confirming the bearish trend. ADA is currently trading between support at $0.87 and resistance at $0.95, and if the downtrend continues, ADA could test $0.829 as the next support level. On the other hand, regaining bullish momentum could lead to a retest of the $0.95 resistance and potentially higher levels such as $1.03, $1.11, and $1.16.



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