🚨 $ADA Slides as Network Issue Adds Pressure in a Weak Market 🚨
ADA is sitting under heavy pressure after DECRYPT reported a 'poisoned' transaction issue on the Cardano network. The market was already in a pretty critical phase, BTC loosing momentum and liquidity thinning across majors. ADA was moving with that broader weakness, and this network problem came at the worst time, adding extra weight on its short-term outloook.
Funding flipped sharp negative and open interest pushed higher, showing traders leaning into shorts as sentiment got even heavier. The move from $0.56 on Nov 12 to around $0.41 by Nov 22 matches the overall market trend, but the headline added more downside push and gave bears more confidence than usual.
For now, ADA needs clear update from the team and a bit of stability in the wider market. If that comes, crowded shorts can unwind and maybe give some room for a bounce. Until then, ADA stays under a mix of shaky market conditions and the added hit from the network issue.
