Despite positive developments, Cardano has faced sluggishness in recent months, leading to decreased investor interest and lower trading volumes. This dynamic is influenced by global geopolitical tensions, regulatory uncertainty, and Bitcoin’s continued market dominance, creating a challenging environment for ADA price growth. 📉 While ADA prices have experienced substantial declines since hitting their peak earlier this year, there’s a sense of optimism regarding potential future price movements. 📈 Analysts are observing the impact of various factors on Cardano’s price action: **volume fluctuations,** **geopolitical influences,** and **the overall market sentiment.** The current bearish trend continues as market pressures suppress ADA prices. 📉 Despite forming a bullish pattern, Cardano’s price remains under pressure from Bitcoin’s influence. The price action is characterized by a falling wedge formation on the chart. This formation has been challenged repeatedly as bears push prices down to new support levels. Meanwhile, the momentum of the CMF remains weak. The lack of upward momentum suggests that the market remains bearish. 🐻 However, if ADA manages to break above Bollinger bands’ average range, it could potentially achieve a significant price rally and break through key resistance levels. This upward movement might push the price towards $0.7 or even $1. 🚀 The potential for a sustained price rebound is uncertain as volume remains relatively low. 📊 Whether Cardano can overcome these challenges and reach new heights or if it will continue its downward trend is a question worth watching closely.