Cardano's price has been declining over the past few days, leading to a strengthening of bearish sentiment and a dip of approximately 4.2% in the last 24 hours. The altcoin has depreciated by close to 10% over the past week, raising concerns about investors' interest in Cardano. The bears have gained strength, causing an important support level to be breached and subsequently transforming into a resistance level for the altcoin. Cardano is currently trapped within a range, lacking a clear price direction and gradually eroding buyer confidence. The altcoin's ability to reclaim the resistance level largely depends on the bulls' ability to defend the price above the immediate support level.