Cardano (ADA) continues to trade under pressure as technical weakness on lower timeframes contrasts with fresh signals from its development ecosystem. On the 4-hour chart, ADA remains stuck in a short-term downtrend, reflecting cautious sentiment across the broader crypto market. Price action shows sellers controlling rebounds, while buyers struggle to reclaim key technical levels. ADA trades near $0.36 after repeated failures to regain momentum following its mid-December peak.
The 50 EMA near $0.374 and the 100 EMA around $0.389 now cap recovery attempts. Moreover, the 200 EMA near $0.421 continues to define the broader bearish structure. As long as ADA stays below the 50 EMA, sellers maintain control. Fibonacci retracement levels add further resistance overhead.
The 0.382 level near $0.399, the 0.5 level around $0.415, and the 0.618 level close to $0.432 align with key EMAs. Hence, any upside attempt faces stacked resistance zones. On the downside, immediate support sits between $0.355 and $0.360. A deeper support zone rests near $0.346, which marks the recent swing low.
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