ADA Price Plunges 4.2%, Sets Stage for Squeeze or Flush

Cardano's ADA price has dropped by 4.2% and is now clinging to crucial support at $0.21, which also coincides with its SMA 20 level.

The MACD momentum has flatlined to zero, indicating that buyers have lost conviction to push the price further.

Despite this, smart money remains net long on ADA, with a ratio of 71% holding long positions and open interest spiking by 9.3% in just 24 hours.

This creates a binary setup where either the price will squeeze to $0.23 or flush to $0.19.