Cardano (ADA) Price Analysis: Bearish Trend Shows Signs of Rebound

Analyzing Cardano’s current price trends reveals a bearish market, but early signs suggest a potential short-term rebound. 4-hour price data indicates the coin is hovering near support at $0.5155 after recent attempts to break below this level were unsuccessful. This suggests exhaustion among sellers, leading to a possible relief rally. Here’s a breakdown of key indicators and price action: Market Overview