Cardano (ADA) is experiencing a bearish trend, trading at $0.2648, down 4.2% in the last 24 hours. The cryptocurrency has seen a sharp sell-off, with a 24-hour range between $0.2589 and $0.2772. Despite a brief recovery attempt, ADA remains down 4.9% over the past week and 26.5% in the last 30 days, testing critical support near $0.26. The Supertrend indicator shows resistance at $0.31571, suggesting continued downward momentum. The Stochastic Oscillator indicates weakening momentum, with no immediate bullish crossover. Derivatives data reveals significant long liquidations, totaling $1.76 million in the past 24 hours, highlighting the pressure on bullish traders during the sell-off.