Cardano Price Prediction: Bearish Structure Deepens for ADA After Rejection at $0.28 Zone

• Cardano trades below major EMAs as bearish momentum continues to dominate trend
• Open interest decline shows reduced leverage as traders exit Cardano positions.
• Spot outflows persist while key support near $0.2503 holds critical for ADA now

Cardano continued trading under bearish conditions on the 4-hour chart after another failed recovery attempt near key resistance levels. ADA hovered around $0.2515 during recent trading sessions as sellers maintained control below major moving averages. The latest technical structure showed weakening bullish momentum after the token lost support across several important Fibonacci retracement zones.

Significantly, ADA’s rejection near the $0.279 to $0.280 region shifted short-term sentiment sharply lower. Consequently, the price slipped beneath the 20 EMA, 50 EMA, 100 EMA, and 200 EMA levels. This alignment strengthened bearish …

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