Cardano price is showing signs of fatigue after a steady climb in recent weeks. The price action is beginning to flash warning signals. Analysts are monitoring a potential bearish divergence, as key momentum indicators are softening. Traders are now reassessing whether ADA can sustain its current trend or if a deeper pullback is ahead.
Bearish divergence weakens ADA momentum
Source: CNN
Technical analysis indicates that while ADA maintains its price levels, the underlying indicators are not confirming strength. The Relative Strength Index (RSI) is drifting lower, even as price holds up, suggesting that momentum is fading. The Moving Average Convergence Divergence (MACD) is also teetering on a bearish crossover.
This divergence between price and momentum is often a precursor to a correction. It reflects a market where buyers are losing momentum. If ADA fails to maintain support near $0.72, it could trigger a deeper…
