Cardano (ADA) is trading in negative territory on Wednesday after its latest recovery lost momentum at the $0.20 resistance level. ADA gained approximately 25% during its recent rebound, including a 14% increase last week. However, the rally stalled on Tuesday as weakening derivatives data and bearish price action raised the risk of a deeper pullback. Cardano's IBC launch fails to sustain rally Cardano's Inter-Blockchain Communication connection with Injective went live on Monday, allowing greater interoperability between the two blockchain ecosystems. https://twitter.com/Cardano_CF/status/2084293242330222885 Although anticipation surrounding the integration contributed to ADA's recent recovery, demand weakened after the launch. The subsequent price reversal suggests a possible “buy the rumor, sell the news” response from traders. ADA's rally peaked at $0.