Cardano Faces Challenges in Sustaining Price Momentum

Cardano's price has struggled to maintain momentum near $0.37, facing repeated setbacks. According to NS3.AI, the cryptocurrency's weak bullish divergence signals, increased profit-taking by holders, and reduced demand from whales have contributed to this trend. Despite a peak in development activity, it has since faltered, leading to intensified selling pressure with each rally attempt. The reduction in whale holdings further exacerbates the situation. For Cardano to achieve a sustained upward trend, it requires stronger development support, slower selling, and renewed whale buying above critical resistance levels.