Cardano’s (ADA) price is struggling to recover as it continues to face bearish signals. Investors are showing less interest, leading to increased selling pressure.
The MACD indicates a bullish crossover, suggesting a potential shift in trend and possible upward momentum, which might attract more traders. However, overall investor participation remains at a multi-year low.
This lack of activity could limit the impact of the bullish crossover, resulting in mixed signals about the price trend.
Currently, ADA is priced at $0.332 and facing resistance at $0.346. The low participation is triggering a sell signal, indicating a period of sideways movement between $0.346 and $0.311 unless a breakout occurs.
A breakout could push ADA to $0.375, invalidating the bearish thesis, but investor participation will be crucial for sustaining this momentum.
