Cardano (ADA) continues to face challenges as it slips below the 200-day Exponential Moving Average (EMA), though short-term fluctuations may offer buying opportunities. Funding rates for ADA have improved, indicating a reduction in selling pressure. The Crypto Fear & Greed Index has fallen into the ‘Extreme Fear’ zone, reflecting deteriorating sentiment for Cardano. Discover the
![Cardano [ADA] Battles Bearish Trend: Will Near-Term Volatility Fuel a Bullish Breakout?](https://resources.cryptocompare.com/news/77/30898801.jpeg "Cardano [ADA] Battles Bearish Trend: Will Near-Term Volatility Fuel a Bullish Breakout?")
