Cardano (ADA) has experienced a significant price drop, falling over 13% within a week. The current trading price is approximately 0.9213 USD, and it is struggling to maintain upward momentum. This decline is indicative of broader market vulnerabilities, raising concerns among investors about the coin’s recovery potential.

The 30-day MVRV ratio for Cardano stands at a negative -6.90%, indicating short-term holders are facing unrealized losses. Meanwhile, Cardano’s annual inflation rate remains relatively low at 0.242%, potentially hinting at its deflationary nature. Key technical levels include a support Threshold at 0.90 USD and resistance at 1.00 USD, crucial for ADA’s price trajectory.