Cardano's native token, ADA, saw a significant increase in value earlier this year, reaching a high of $0.715 in March. However, there has been a recent loss of momentum, resulting in a price range fluctuation between $0.4926 and $0.4409. While ADA experienced a brief recovery from an intraday low, it has been trading at $0.4625 with a 5.75% decrease over the last 24 hours. Compared to Bitcoin, ADA has shown more stability with a 1.06% increase, potentially setting a strong foundation for future growth.

Despite these fluctuations, ADA is facing challenges in returning to its previous high values, as indicated by a persisting bearish trend. Additionally, Cardano's market capitalization has declined by 4.46%, signaling decreased activity in the market. Technical indicators are hinting at significant selling pressure, adding to the challenges faced by ADA.