Cardano (ADA) is experiencing selling pressure, testing lower price levels despite a surge in bullish social sentiment. ADA is currently trading at approximately $0.3589, marking a 2.8% decline over the past 24 hours. The cryptocurrency has been trading within a daily range of $0.3586 to $0.372, with a late-session drop pushing it towards the lower end. Over the past week, ADA has fallen 8.6%, and 13.5% over the last two weeks, indicating persistent downside pressure. Technically, ADA is trading below key moving averages and within the Ichimoku Cloud, suggesting a bearish short-term outlook. The Relative Strength Index (RSI) is at 39.74, below the neutral level, indicating potential further weakness. Despite the price decline, social sentiment around Cardano has turned bullish, with data showing a significant increase in positive commentary. This shift in sentiment follows increased attention on Cardano's founder, Charles Hoskinson, and could signal potential future interest in the cryptocurrency.