The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Momentum has shifted bearish for Cardano’s price as buyers failed to push it higher. The key support level at $0.38 is now crucial for bulls to defend. However, with the uptrend lost, buying pressure has declined and sellers have taken control. The resistance at $0.41 has been holding strong, rejecting all attempts by Cardano to break it. The MACD indicator also suggests a bearish bias for ADA. In the short term, if the support at $0.38 is breached, buyers are likely to retreat to the next support level at $0.35.