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AltcoinsSource: CoinJournal ·

Cardano risks further losses as ADA drops below the $0.220 support

Cardano trades below $0.22 after failing to sustain a move above its 50-day EMA. ADA’s long-to-short ratio stands at 0.79, approaching its lowest reading in more than a month. Negative funding rates indicate increased demand for bearish derivatives exposure.

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