• ADA struggles below $0.4689 as lower highs confirm persistent selling pressure.
• Futures open interest remains high near $751M despite ongoing spot price decline.
• Outflows dominate, signaling traders reduce exposure amid weak accumulation interest.

Cardano continues to face steady downward pressure as traders monitor weakening momentum across major timeframes. The market keeps pushing ADA toward new lows as volatility increases and buyers fail to reclaim important levels. The current structure shows a market driven by caution, with traders responding to each failed bounce by reducing exposure. 

Price Slides as ADA Struggles to Hold Support

ADA trades near $0.4689 after rejecting several recovery attempts on the mid-range oscillators. The 20-SMA stays above the market and acts as firm dynamic resistance. Moreover, lower highs continue to form across the 4-hour cha…

Read The Full Article Cardano Price Prediction: ADA Extends Its Downtrend as Exchange Outflows Build On Coin Edition.