<ul><li>Cardano (ADA) has gained 11% in May, with a bounce from the $0.72 support level driving the increase in price.</li><li>Despite the recent bullish momentum, ADA is facing potential bearish pressure due to weakening derivatives data.</li><li>ADA is currently priced at $0.7677, showing a slight 0.04% decline over the last 24 hours.</li><li>While short-term indicators like the bullish MACD crossover signal upside potential, the declining open interest in ADA futures contracts suggests a looming pullback.</li></ul>

Cardano gains 11% in May, but weak derivatives data hint at looming pullback

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