Cardano faced a 899% liquidation imbalance, with a 9:1 leverage wipeout hitting traders. The 24-hour liquidations reached $585,580 for long positions versus $65,090 for short positions. The broader crypto market recorded $159 million in total liquidations. Cardano was trading at $0.183, down 1.08% in 24 hours and 4.20% weekly, marking six consecutive days of declines since August 7. The daily RSI stands at 52, above the neutral level of 50, suggesting bulls may still have the upper hand.
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