🔵Cardano saw trading volumes surge nearly 40%, but the spike reflected aggressive selling rather than renewed demand. ADA slid to $0.10, while liquidity continued to drain from major exchanges. Multiple moving averages confirm a persistent downtrend, and an RSI reading of 34 suggests that bearish momentum is not yet exhausted.
🔵Both futures and spot data reinforce this bearish structure: long positions recorded multi-million-dollar losses over the past day, and net exchange flows show outflows rather than accumulation. Under these conditions, analysts advise caution. Until inflows recover and liquidations stabilize, ADA remains vulnerable and may retest the next major support zone at $0.048–$0.050.