Cardano (ADA) is currently priced at $0.259207, experiencing a slight decline of 0.47% over the past 24 hours. The price has fluctuated between a high of $0.268844 and a low of $0.258284 during this period, indicating a daily range of 0.01056%.

The trading volume stands at approximately 430.85 million ADA, representing a volume-to-market cap ratio of 4.51%. Short-term moving averages show a bearish trend, with the 8 SMA at $0.2624, indicating a decline of 1.21%, and the 144 SMA at $0.2653 reflecting a more substantial drop of 2.31%, suggesting a lack of bullish momentum.

The one-hour RSI is neutral at 51, while the seven-day RSI is slightly lower at 48, indicating a potential weakness in upward momentum. Over the last week, ADA has gained approximately 0.81%, but the 14-day and 30-day changes reveal a more concerning trend, with declines of 20.67% and 38.55%, respectively.

Despite the relatively stable trading volume, the persistent downtrends in the longer moving averages and recent price changes indicate bearish sentiment in the market. The all-time high for ADA remains significantly distant at $3.09, reached in September 2021, highlighting the substantial drop from its peak and ongoing struggles for recovery.

Considering the current market conditions, including the bearish signals from moving averages and RSI readings, a cautious approach is warranted. Therefore, the rating for Cardano (ADA) is a Hold, as further confirmation of a trend reversal is needed before making any bullish investment decisions.