Cardano (ADA) has experienced a price drop below $0.43, driven by $6.48 million in net outflows and an 11% decline in open interest. This sell-off breached a critical support level, pushing the cryptocurrency down to $0.426. On the 4-hour chart, ADA is trading below the 20 and 50 exponential moving averages (EMAs), indicating potential further declines into the $0.41–$0.40 range. For a reversal of the current short-term bearish trend, ADA would need to climb back above the $0.44–$0.45 range. However, inflows remain subdued, and continued outflows are exerting downward pressure on the market.