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Cardano Price Drops Below $0.43 Amid $6.48M Outflows and 11% Open Interest Decline

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ADA
$0.42650.75%
ADA price dropped below $0.43 on the back of $6.48M in net outflows and an 11% decline in open interest. The sell-off broke a key support level, sending the coin to $0.426. On the 4-hour chart, ADA is now below the 20 and 50 EMAs, exposing the $0.41–$0.40 range. A rebound above $0.44–$0.45 is needed to reverse the short-term bias. Inflows have yet to pick up, and outflows continue to weigh on the market.
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