Cardano -2.61%: Decline driven by profit-taking and bearish technical momentum

1. Profit-taking pressure: ADA fell 2.61% in 24 hours, dropping from 0.6978 to 0.6796 as traders locked in gains amid broader market weakness.

2. Volume and liquidations: Over $900,000 in long positions liquidated; 24-hour trading range nearly 4%, with trading volume reflecting heightened volatility.

3. Technical weakness: Price consolidates near $0.6626 support; MVRV 30-day at -6.8% signals prevailing losses, with $0.65 as critical downside level.