Based on CoinEdition, ADA has broken its short-term trendline and now trades near $0.426 after slipping below a key support level that had been in place since early December. The move follows $6.48 million in net outflows and an 11% drop in futures open interest, signaling pressure on buyers. ADA is currently trading below the 20 and 50 EMAs on the 4-hour chart, with the $0.41–$0.40 range now exposed unless buyers reclaim $0.44–$0.45 to reset the short-term structure.
Cardano Price Drops Below $0.43 Amid $6.48M Outflows and 11% Open Interest Decline
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Summary
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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