The Cardano price has been consistently below $0.38 for the past two weeks, indicating a strong presence of sellers in the market. Despite attempts by buyers to regain strength, their efforts have been feeble and unable to overcome the bearish sentiment.

The technical outlook for ADA reflects bearish pressure and a lack of buying strength, resulting in low demand and accumulation. However, if ADA surpasses its overhead resistance, the altcoin could potentially experience a substantial rally in the following trading sessions.