Cardano (ADA) is currently trading at $0.364673, reflecting a 24-hour change of -3.08%. The daily price range has been limited, with a high of $0.376271 and a low of $0.358625, indicating low volatility in the recent session.

The volume stands at 425,404,372, which corresponds to a volume-to-market cap ratio of 3.19%. This relatively modest volume suggests a lack of strong buying interest, which aligns with the downward price movement observed in the last 24 hours.

Short-term moving averages reveal a bearish trend, with the 8 SMA at $0.3656 showing a decrease of 0.27% and the 21 SMA at $0.3689 down by 1.13%. The 55 and 144 SMAs are also trending downward, indicating sustained bearish momentum over both short and medium terms.

The RSI levels further support this bearish outlook, with the 1-hour RSI at 42, indicating a neutral stance, while the 7-day RSI at 47 suggests a mild downtrend. In the past week, ADA has lost approximately 8.19%, and over the past 14 and 30 days, the declines are even more pronounced at 15.64% and 12.08%, respectively.

Considering these technical indicators alongside the fundamental aspect of a declining price and lack of buying volume, the outlook for ADA is bearish. Although it has significant historical value, the current price action suggests weakness in the market.

Based on this analysis, the rating for Cardano (ADA) is a Sell. The combination of negative price momentum, poor RSI readings, and bearish moving averages indicates that a further decline is likely in the near term, making it prudent to exit positions until a clearer bullish trend emerges.