Cardano slides near $0.20 as bearish derivatives weigh on ADA

Cardano fell below $0.202 on Monday and traded around $0.201, extending three consecutive weekly losses and a decline exceeding 20% since early October. Its long-to-short ratio was 0.92, close to its lowest in more than a month and below one, meaning short positions outweighed longs in the measured data; its funding rate was -0.0032%, so shorts paid longs to maintain positions. The token stayed below its 50-, 100- and 200-day exponential moving averages, which ranged from about $0.218 to $0.237, with immediate resistance near $0.213 and $0.200 as the nearest downside reference. Its Relative Strength Index stood at 33, just above the oversold threshold of 30.