Cardano (ADA) is facing resistance and struggling to move higher, resulting in a bearish market sentiment.ADA's price is currently around $0.33, with a 24-hour trading volume of $329.51 million and a market cap of $11.77 billion.Strong resistance zone created by holders at current price levels is hindering ADA's price gain.Declining trader interest and shrinking liquidity on the ADA blockchain are further impacting its price outlook.