The price of Cardano is under sustained pressure, and many technical indicators point to a strong bearish trend.

The ADX indicator confirms the strengthening of the bearish trend recently, indicating the dominance of sellers in the Cardano market. The Ichimoku cloud and EMA lines also confirm this outlook. ADA is trading below key resistance levels, and a 'death cross' formation has recently appeared on the chart.

Cardano: Strong Current Trend

The ADX indicator assesses the strength of the trend, and values above 25 usually indicate a strong trend. In the case of Cardano, the indicator rose to 36.76 compared to a value of 17 just a few days ago. Such growth indicates that the current trend has strengthened.

Accordingly, ADA is currently in a confident downward trend, under sustained selling pressure. This may mean that the chances of a price reversal are low in the near term until the ADX starts to decline.

The Ichimoku cloud predicts a decline

The Ichimoku cloud reflects a bearish outlook for Cardano

ADAUSDT: The price is below the cloud. This usually means that the asset may continue to decline, as it cannot recover above key resistance levels.

The cloud is highlighted in red, indicating potential resistance to upward attempts. The Tenkan and Kijun lines are positioned above the price, emphasizing the bearish sentiment and demonstrating that sellers control the market.

Additionally, the short-term EMA lines on the chart are positioned below the long-term ones, confirming the bearish trend. This indicates a possible continuation of the price decline if there is no breakout of the cloud. Such a breakout could signal a possible trend change. However, under current conditions, consolidation or further decline is more likely.

ADA Forecast: Is Recovery Possible After Corrections

All EMA lines are above the current price of Cardano, confirming the bearish sentiment. This positioning of MAs, along with the recently formed 'death cross', indicates strong pressure and shows that sellers completely control the market.

If the downward trend continues, the price may soon reach the support level of $0.31. If strong bearish momentum persists, it could drop even lower.

However, if selling pressure eases and an upward trend begins, ADA may attempt to reach the next significant resistance level at $0.36 (+9% from the current price). The future dynamics of ADA will largely depend on a shift from the current bearish sentiment to a more optimistic one.

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