Cardano's ADA is experiencing a cautious market outlook as it trades near $0.35, with sellers maintaining short-term control. The cryptocurrency's open interest has declined to $630 million, and spot inflows remain weak, contributing to the subdued sentiment. Despite comments from Charles Hoskinson, ADA continues to trade below key moving averages on the 4-hour chart. Immediate resistance for ADA is identified between $0.37 and $0.38, while support levels are at $0.35 and $0.34. A breach below $0.34 could see ADA prices fall further to $0.32 and potentially $0.30. Traders are also closely monitoring Bitcoin's price movements, which remain a significant focus in the market.