Cardano’s trading volume has seen a significant decline in recent months, as bulls seem to be turning their attention to other tokens. Despite a couple of bullish breakouts in the market, ADA's price has remained consolidated below $0.5.
Furthermore, the ADA price has dropped below $0.4 and has struggled to reclaim lost positions. Current technical analysis indicates a sell signal; however, ADA bulls are determined to push the price back to the $0.5 mark.
Despite technical indicators suggesting a bearish trend, the bullish sentiment among ADA supporters persists. Their goal is to break through the current resistance levels and achieve a price rally.
