Cardano (ADA) is facing persistent resistance near $0.37, with several on‑chain and technical factors suppressing sustained upward momentum:
Key Headwinds: Weak Bullish Divergence: Price rallies lack confirming momentum signals.
Profit‑Taking: Increased selling by existing holders on price bounces.
Whale Withdrawal: Reduced accumulation by large holders, lowering buy‑side support.
Development Activity: Peaked earlier but has since declined, reducing fundamental catalysts.
Requirements for a Reversal:
A sustained ADA uptrend would need:
1. Stronger development updates or protocol milestones.
2. Slower sell‑side pressure from existing holders.
3. Renewed whale buying above key resistance levels ($0.38‑$0.40).
Outlook: Until these conditions improve, ADA is likely to remain range‑bound or vulnerable to further declines, reflecting the broader altcoin struggle for momentum in a Bitcoin‑dominant market. $BTC $ETH $BNB #BTC #MWAM_Crypto
