The Cardano Foundation has launched an eight-figure ADA liquidity program via market maker Flowdesk to strengthen decentralized finance on its network. The initiative aims to improve trading efficiency and reduce slippage across Cardano protocols. Despite this institutional push for growth, ADA’s price remains under significant bearish pressure, trading below all key moving averages with technical indicators confirming weak momentum.
The Cardano Foundation deployed an eight-figure ADA liquidity program through Flowdesk on April 2. This initiative is designed to strengthen decentralized exchange liquidity and enhance trading efficiency across ecosystem protocols.
The liquidity injection also targets stablecoins like USDA and USDM to improve price stability. “This step marks continued progress toward a more mature, efficient, and accessible decentralized financial ecosystem,” according to the foundation’s announcement.
Despite the network development, ADA exhibits a bearish trend, trading at $0.2365. The asset is being suppressed by all major Exponential Moving Averages, with heavy overhead resistance noted at the 200 EMA around $0.263.
The asset is testing the lower Bollinger Band near $0.2348, which represents a crucial support zone. A break below this level could see the price decline further toward $0.230.
Momentum indicators reinforce the downward pressure, with the RSI (14) trending downwards at 36.17. This reading shows a substantial rise in bearish momentum as it approaches oversold territory.
The MACD indicator confirms bearish sentiment, with its lines trending in the negative zone below zero. The red histogram indicates that bearish momentum is accelerating, with no confirmation of a trend reversal.
