Cardano (ADA) is currently priced at $0.86, hovering near fragile support. A breakdown under $0.749 could initiate $34 million in long liquidations, causing deeper declines.
The 30-day MVRV at 22.43% signals many traders are in profit and may sell soon. Additionally, RSI above 82 indicates an overheated market, reinforcing the potential for a price reversal.
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