Cardano under pressure as bears keep control — could ADA slide further? Cardano (ADA) has tumbled in recent months alongside many altcoins, slipping to price levels not seen since the previous bear market. Crypto analyst Lingrid warns that the downtrend could continue unless bulls can decisively regain control. Technical picture: bears dominate - Lingrid’s analysis highlights several warning signs: ADA is trading below its consolidation support at $0.26, below its former structure, and under a descending resistance line. - Repeated attempts by buyers to reclaim the market have failed, strengthening bearish conviction each time. A rejection at $0.26 and the subsequent pullback underscore that sellers remain in control. - The bearish outlook would be negated only if ADA can reclaim and break above $0.27 — otherwise further downside is likely. Six months of red on the horizon? February’s monthly close marked five consecutive months of red for Cardano, per CryptoRank. March has so far seen another painful move: ADA was down more than 11% in the month, putting a sixth consecutive red monthly candle squarely on the table. If that happens, it would mirror a similar stretch in 2021–2022. Historical context: relief, then more pain When Cardano experienced six red monthly closes in early 2022, the next month produced a relief bounce — about an 18% gain — before the broader decline resumed. That pattern suggests a possible short-term rebound after a sixth red month, but not necessarily a durable trend reversal. Bottom line Cardano’s charts are signaling weakness: bears have the edge until ADA climbs back above the mid-$0.20s (with a clean break above $0.27 needed to flip the outlook). Traders should watch the $0.26–$0.27 area closely for clues on whether a relief bounce or continued sell-off is coming. Read more AI-generated news on: undefined/news