Cardano (ADA) is currently priced at $0.410613, reflecting a 24-hour change of -0.84688%. The asset is trading within a daily range of $0.405604 to $0.420179, indicating limited volatility in the short term.

Volume stands at approximately 812.2 million ADA, which constitutes 5.40% of its market cap. This volume suggests moderate trading activity, but the negative price trend raises concerns about market sentiment.

Moving averages indicate a mixed short-term outlook, with the 8 SMA and 13 SMA both declining slightly while the 55 SMA shows a modest increase of +0.73%. The 144 SMA, however, is down by -4.85%, indicating potential resistance at higher price levels.

The 1-hour RSI is at 46, suggesting that ADA is approaching neutral territory, while the 7-day RSI at 44 indicates it is nearing oversold conditions. The recent price changes over 7 days, 14 days, and 30 days have been significantly negative, at -17.02%, -30.71%, and -37.28%, respectively, reflecting ongoing bearish momentum.

Given the all-time high of $3.09 reached in September 2021, ADA is currently trading over 86% below that level, which highlights the need for recovery and stabilization. The persistent downward pressure and negative momentum indicators suggest that a reversal is not yet evident.

In summary, Cardano is showing signs of weakness with declining moving averages and negative RSI indicators. The current market environment does not indicate a favorable entry point, leading to a Sell rating based on the analysis of technical and fundamental data.