Cardano Price Prediction: ADA Price Faces Extended Weakness as Sellers Retain Control
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- ADA struggles below key EMAs, signaling sustained bearish market control.
- Futures open interest drop shows fading trader confidence and reduced leverage.
- Continuous exchange outflows highlight weak accumulation and liquidity decline.
Cardano (ADA) continues to face bearish pressure as the cryptocurrency struggles to hold above the $0.49 support zone. The asset has maintained a downward trajectory for several weeks, with sellers dominating short-term momentum.
ADA currently trades around $0.534, remaining well below key moving averages. The persistent weakness reflects a broader market slowdown, as traders exit leveraged positions and sentiment cools across altcoins.
Sustained Downtrend and Resistance Clusters
ADA has been trading below its 20, 50, 100, and 200-EMA levels, underscoring sustained bearish momentum. Each rebound attempt toward the $0.60–$0.65 …
Read The Full Article Cardano Price Prediction: ADA Price Faces Extended Weakness as Sellers Retain Control On Coin Edition.
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