Cardano Leverage Pressure Data Flashes Warning Signs Again

Cardano's price has been under pressure lately, falling below $0.19 as the broader crypto market experiences a correction.

In a recent tweet, analyst Joao Wedson pointed out that Cardano may be facing another test of its historical bottom region based on leverage pressure data.

The Alpha Leverage Pressure Indicator shows that ADA price tends to make major tops shortly after or during red-zone leverage spikes and tend to bottom out during or after blue-zone deleveraging flushes.