Cardano's price is experiencing bearish momentum based on several technical indicators. ADA has declined 12% in the past seven days and over 4% in the last 24 hours, with its market cap now at $33 billion. Technical indicators, such as the Average Directional Index (ADX) and whale accumulation, suggest that the downward pressure could continue. The ADX is showing strengthening bearish momentum, indicating that the current trend is gaining strength. While whale accumulation has slightly increased in the past three days, it remains below previous highs, potentially indicating cautious accumulation rather than aggressive buying sentiment. Furthermore, the Exponential Moving Average (EMA) lines suggest a potential death cross, which could lead to a significant downside risk for Cardano's price. However, a bullish reversal scenario would require overcoming resistance levels.



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