Cardano ADA Bearish Sentiment Builds as Support Zone Looms
Cardano's ADA has been trading in the red on Friday, holding just above an important support zone after losing more than 8% this week.
Weakening derivatives positioning, cautious on-chain signals, and fading momentum suggest a bearish near-term outlook for ADA.
The decisive close below the support cluster between $0.195 and $0.200 could trigger a deeper correction toward $0.173.