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

Your call?🐂 Bullish🐻 Bearish

$0.22

ADA support level

Key takeaways 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…