According to CoinMeta, as reported by CoinJournal, Cardano ( ADA ) fell below $0.202 on Monday, with the current trading price at around $0.201, representing a cumulative decline of over 20% in the past three weeks. ADA remains below several major moving averages, indicating that buyers have not yet established a sustained rebound. According to CoinMeta data, the long-to-short ratio of Cardano on Monday was 0.92, near the lowest level in over a month, suggesting that short positions outnumber long positions. The funding rate of ADA turned negative, reaching -0.0032%, reflecting a stronger demand for bearish positions. Indicators of CryptoQuant show that there are large whale orders and seller dominance in the Cardano futures market, indicating that selling pressure exceeds leveraged positions. The daily technical structure of Cardano remains bearish, with prices below the 50-day, 100-day, and 200-day exponential moving averages, forming a series of resistance levels. The Relative Strength Index (RSI) of RSI is 33, slightly above the oversold threshold of 30, indicating continued weakness.