Cardano's (ADA) price is experiencing a strong bearish trend, as indicated by multiple technical indicators. The ADX suggests that the trend has intensified recently, confirming that sellers are in control of the market. The Ichimoku Cloud and EMA lines also reinforce this outlook, with ADA trading below key resistance levels and the formation of a death cross. The ADX level of 36.76 indicates a firm downtrend, suggesting that ADA could continue to face selling pressure in the short term. The bearish configuration of the EMA lines and the recent death cross further indicate sustained downward pressure. However, if the selling pressure weakens, ADA may test its support level at $0.31 and potentially reach its next resistance at $0.36. The direction of ADA's next move will depend on whether the bearish sentiment shifts in favor of buyers.



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