Cardano falls 6.3% weekly as BBTrend turns negative and whale activity fluctuates, signaling weakening market conviction.
Whale wallet counts remain unstable, reflecting hesitation among large holders and limiting bullish continuity.
ADA risks a death cross near the support of $0.729; a breakdown could target $0.68, while upside depends on recovering $0.781.
Cardano (ADA) is under pressure, falling 4% in the last 24 hours and nearly 10% in the last week, with daily trading volume plummeting 15% to $869 million. The drop in price and activity comes as several key indicators point to weakening momentum and increasing uncertainty.
From a bearish shift in BBTrend to volatile whale activity and the threat of an imminent death cross in its EMA lines, ADA faces a critical period. Whether it can maintain support and regain strength or continue sliding will likely depend on short-term market sentiment and broader crypto market conditions.
The BBTrend of Cardano has turned negative, currently at -2.43 after experiencing nearly five days in positive territory.
Between May 11 and May 16, the indicator remained above zero, even reaching a recent high of 17.34 on May 12.
This shift suggests that the recent bullish momentum has faded, and the asset may be entering a new phase of weakness or consolidation.
The BBTrend (Bollinger Band Trend) measures how strongly the price deviates from its average in relation to volatility, providing insights into the strength and direction of trends.
Values above zero typically indicate bullish momentum, while values below zero suggest that bearish pressure is increasing. With ADA now showing a BBTrend of -2.43, it points to a possible shift towards a bearish bias.
If this negative trend persists, it could lead to further weakness in price or a period of stagnation until new buying interest returns.