Cardano’s Long/Short Ratio is currently at 0.82, indicating a preference for short positions in expectation of a price drop. The weighted sentiment is noted at -0.074, showcasing skepticism among traders.
Currently, ADA is trading at 0.98 USD, with vital support locked at 0.92 USD. A breach below this threshold could lead to further declines towards 0.80 USD, placing the digital asset at critical risk.
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