Cardano (ADA) is currently trading at $0.257247, reflecting a 24-hour change of -1.70%. The price has shown a daily range between $0.256686 and $0.273903, indicating low volatility with a range of just 0.017217%.

Trading volume stands at 399,473,612, representing 4.22% of the market cap, suggesting moderate market activity. The short-term moving averages are all trending downward, with the 8-period SMA at $0.2633 down 2.29%, indicating bearish momentum across multiple time frames.

The 1-hour RSI is at an extremely low 24, signaling that ADA is oversold in the very short term. In contrast, the 7-day RSI at 43 suggests a lack of strong momentum, as the asset has declined by 10.19% over the past week, further supporting bearish sentiment.

Over the past 14 days, ADA has decreased by 3.89%, and the 30-day change indicates a more significant drop of nearly 28%. These declines highlight ongoing selling pressure, with the asset struggling to maintain upward momentum in the face of broader market trends.

The all-time high for ADA remains at $3.09, achieved in September 2021, indicating a significant depreciation from historical peaks. Current price levels reflect substantial investor pessimism and market challenges, with the potential for further downside if current trends persist.

Given the bearish indicators from moving averages, RSI values, and recent price declines, a Sell rating is warranted at this time. Unless there are signs of reversal or increased buying interest, ADA's technical landscape suggests further downside risk.