Cardano Price Takes Hit Amid US Tariff Uncertainty

Cardano's price has declined by 4% on Monday, breaking below its short-term support trendline. The cryptocurrency is under bearish pressure due to rising US tariff complications and a broader market correction.

The derivatives data shows a sudden increase in bearish interest, with the funding rate dropping below 0.010%. This indicates heightened selling pressure among traders.

Technical indicators suggest a higher likelihood of Cardano declining further, with a crucial support level at $0.2500. The Relative Strength Index (RSI) is testing the oversold boundary, and the Moving Average Convergence Divergence (MACD) is in a free fall below the zero line.