The Cardano (ADA) price has been in a consolidation phase after dropping 25% over the last 30 days and struggling to reclaim a $25 billion market cap. Indicators suggest lingering bearish pressure and the coin has yet to establish a clear shift in momentum. The BBTrend indicator has been negative for six consecutive days, indicating a downtrend despite recent improvements. The Ichimoku Cloud setup reflects a market struggling to gain momentum, with no clear break above key levels. The EMA lines continue to signal a downtrend, indicating that sellers still have control. However, if bullish momentum returns, ADA could test resistance levels and potentially reach a 67% upside.



Other News from Today