Cardano (ADA) has been struggling to surpass the $0.70 mark since March 29. Recent signals indicate a weakening trend despite brief moments of strength.

The BBTrend and ADX indicators show declining buying pressure while the EMA alignment suggests a bearish trend. With ADA's price caught between key support and resistance levels, its next move will likely determine its short-term trajectory.

The BBTrend for Cardano has turned negative, currently at -0.78 after being in positive territory for the past five days. This indicates a reversal in momentum. A negative BBTrend suggests that ADA's recent uptrend is losing steam, potentially leading to increased selling pressure.

The ADX for Cardano has plummeted to 15.12 from 28.34, indicating a decrease in trend strength. The decline in the +DI (bullish indicator) and the rise in the -DI (bearish indicator) suggest a possible shift in favor of the bears unless bullish momentum picks up soon.

Cardano's EMA lines continue to show a bearish trend, with short-term averages below long-term ones. While ADA is currently supported near $0.594, a failure at this level could result in a further decline towards $0.511, reflecting growing selling pressure.

On the upside, breaking above $0.64 could pave the way for further gains, targeting $0.66 and $0.70. A strong uptrend might even push ADA towards $0.77, indicating a more significant recovery and trend reversal.