Cardano could dip to $0.156 as ADA faces sixth consecutive weekly loss

Key takeaways Cardano (ADA) trades around $0.171 on Friday, extending its weekly losses toward 4%. ADA has lost more than 30% since early October, reflecting sustained selling pressure and weakening investor confidence. ADA faces immediate support at $0.156, while resistance stands at $0.183 and the $ 0.203–$ 0.229 EMA cluster. Cardano (ADA) continued its decline on Friday, trading around $0.171 as weakening derivatives activity and bearish on-chain signals reinforced concerns about further losses. The cryptocurrency has fallen nearly 4% this week and is heading toward its sixth consecutive weekly decline, extending a correction that has erased more than 30% of its value since early October. Derivatives traders are increasingly positioned defensively, with Cardano’s long-to-short ratio falling toward its lowest level in more than a month and funding rates turning negative.

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