Cardano Facing Potential Price Drop as Key Metrics Signal Decline

Recent data highlights a concerning trend for Cardano (ADA). Key metrics like trading volume and open interest are experiencing declines, sparking concerns about potential price drops. Despite recent bullish momentum with a 15% surge in just seven days and significant whale activity, the crypto asset is facing rejection at $0.85, resulting in a sharp drop to its current level of $0.7623. 8.95% decrease in open interest also suggests waning investor confidence.