Cardano (ADA/USD) price edged slightly higher in its latest intraday trading, while remaining under persistent bearish pressure as it continues to trade below its 50-period simple moving average and within the confines of the main short-term downtrend, moving along a descending trendline that reinforces this bias. The current uptick appears to be a technical rebound aimed at offsetting part of previous losses, while also helping to ease the oversold signals evident on the relative strength indicators particularly as early positive signals begin to emerge.

Therefore, we expect the cryptocurrency to decline in upcoming intraday trading as long as it remains below the 0.6857 resistance level, targeting the key support area at 0.6072.

Expected trend for upcoming trading: Bearish.