Cardano price analysis (Bearish) — 0.86 USDT (-0.28% 24h)

Cardano (ADA) is showing concerning technical signals as it trades at $0.8563, down 0.28% over the past 24 hours. The current price sits below both the 20-day SMA ($0.8627) and 50-day SMA ($0.8608), indicating weakening momentum. The RSI reading of 42.36 suggests the asset is approaching oversold territory but hasn’t reached extreme levels yet. Trading volume of $110.8 million appears healthy but hasn’t been sufficient to drive meaningful price appreciation. Volatility remains elevated at 3.02%, creating both risk and opportunity for traders. For short-term positions, consider waiting for a confirmed break above the 20-day SMA before entering long positions. Alternatively, a break below $0.85 could signal further downside toward $0.82 support. Medium-term investors might view current levels as accumulation opportunities given the approaching oversold conditions, but should implement strict stop-losses given the bearish technical structure.