Cardano's price has risen 18% over the past week but is showing signs of fatigue. After reaching nearly $0.93, ADA has dropped to $0.86, resting on fragile support. Increasing leverage, profit-taking, and declining momentum suggest caution ahead. A significant risk lies in the concentration of long liquidations just below $0.749, where $34 million in bullish leveraged positions could trigger automatic sell-offs if breached. This could lead to a rapid decline in ADA's value. The 30-day MVRV ratio, currently at 22.43%, indicates that recent buyers are in profit, which may prompt selling if prices fall near the $0.749 mark. Additionally, Cardano's RSI has entered overbought territory, reinforcing bearish signals. If the $0.86 support fails, ADA may struggle to hold above $0.84 and $0.81, with further declines possible to $0.78. A break above $0.93 could reverse the bearish trend, allowing bulls to regain control. Read more AI-generated news on: https://app.chaingpt.org/news