Cardano's price is attempting a rebound, exhibiting a bullish divergence pattern reminiscent of one observed in December. According to NS3.AI, this time, however, large holders are reducing their exposure, and derivatives open interest is on the decline. Spot market indicators reveal increased selling pressure as coins flow back into exchanges, indicating weak investor conviction. For the rebound to succeed, Cardano needs to break above $0.28 with stronger support; otherwise, it may face lower prices near $0.24 and $0.22.