Cardano (ADA) is experiencing bearish pressure as it struggles to maintain levels above $0.2800. Despite a 4% recovery on Sunday, ADA remains capped by the 100-day EMA, with current trading around $0.2743. The futures market sentiment has turned bearish, with a negative funding rate of -0.0018% and a long-to-short ratio of 0.7212, indicating a predominance of short positions. CoinGlass data reveals a 4% increase in ADA futures Open Interest, reaching $596.40 million, suggesting traders are bracing for potential volatility. The technical outlook remains cautious, with ADA facing resistance at the 100-day EMA of $0.2870 and support at the 50-day EMA of $0.2603. A close below this support could signal a continuation of the bearish trend.