Cardano is once again struggling to sustain upside momentum, with price action showing continued weakness near the $0.39 area.
Despite brief rebound attempts earlier this week, sellers remain firmly in control of the broader structure, keeping ADA capped under key resistance.
Bearish Structure Still Dominates
According to recent price analysis shared by crypto trader GainMuse, Cardano remains trapped beneath a dominant descending resistance that has repeatedly rejected recovery attempts. His chart highlights a series of compression and triangle patterns that ultimately resolved to the downside, reinforcing a bearish bias.
In GainMuse’s view, recent upside moves have been corrective rather than impulsive. Each bounce has stalled near trendline resistance, suggesting sellers continue to distribute into strength. As long as ADA fails to reclaim the upper boundary of this descending structure, downside risk remains elevated, with price vulnerable to revisiting the lower target zone highlighted in the analysis.
Current Price Action Reflects Ongoing Weakness
The latest TradingView data shows ADA trading near $0.390, down roughly 0.6% on the session, with volume remaining moderate.
The chart illustrates sharp intraday spikes toward the $0.42–$0.43 area earlier in the period, followed by swift reversals. These failed breakouts underline the lack of follow-through buying and confirm that rallies are being sold into rather than extended.
Price has since rolled over and drifted lower, forming lower highs and struggling to build a stable base. Without a decisive move back above resistance, momentum continues to favor sellers, keeping the short-term outlook fragile.
What Needs to Change for ADA
For Cardano to shift sentiment, buyers would need to reclaim and hold above the descending resistance that has capped price for weeks. Until that happens, the technical structure remains vulnerable, and further downside tests cannot be ruled out.
For now, ADA’s price action aligns closely with GainMuse’s assessment: rebounds are attempts at stabilization, not trend reversals, and the broader pressure remains pointed lower while resistance holds.