Cardano (ADA) price remains in a consolidation phase after dropping more than 25% over the last 30 days as it struggles to reclaim the $25 billion market cap threshold. Despite signs of stabilization, indicators still reflect lingering bearish pressure.

The Ichimoku Cloud setup also suggests ADA is struggling to build momentum, with price trading near key levels but failing to break decisively higher. However, if bullish momentum returns, ADA could test resistance at $0.82, with a breakout potentially leading to a recovery toward $1.16, representing a 67% upside.

Cardano BBTrend Is Recovering From Recent Lows, But It’s Still Very Negative

Cardano BBTrend indicator is currently at -9.4, showing a steady recovery from its recent low of -28 just five days ago. Despite this rebound, the indicator remains in negative territory and has now been negative for six consecutive days.

This suggests that while bearish pressure is easing, ADA has yet to establish a clear shift in momentum. Without stronger bullish signals, the recovery could stall, keeping price action under pressure.

BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using Bollinger Bands. Values below zero indicate bearish conditions, while positive values suggest bullish momentum.

With ADA BBTrend still at -9.4, the market remains in a downtrend despite recent improvements. If the indicator continues rising, it could signal a trend reversal, but as long as it stays negative, ADA price may struggle to build sustained upward momentum.

Ichimoku Cloud Shows ADA Is Struggling To Build Momentum

Cardano Ichimoku Cloud setup reflects a Go to Source to See Full Article
Author: Tiago Amaral