Cardano dips below $0.19 as bearish derivatives data signals further losses

Cardano's ADA traded near $0.188 on Tuesday after falling below a key support level in the prior session, extending a recent decline. The long-to-short ratio stood at 0.8248, meaning short positions outnumbered longs, while the funding rate turned positive at 0.0097%, showing some traders still paid to hold leveraged long bets. The token faced resistance at $0.215 to $0.218, where its 100-day and 50-day exponential moving averages and a former support trendline clustered. A further drop could expose support at $0.155.