news 
Cardano Price Faces 45% Downside Risk Amid Open Interest Decline
The recent price action in the cryptocurrency market has been a mix of relief rallies and correction trends. While Bitcoin holds its $90k support, major altcoins like Cardano have shown a breakdown below key resistance levels. In this analysis, we will explore the potential risks faced by the Cardano price amid open interest decline.
Currently, the Cardano price trades at $0.92 with an intraday gain of 4.77%. However, the recent open interest decline and funding rate drop suggest that the bearish momentum is weakening.
Source: www.cryptonewsz.com
