Cardano (ADA) is trading under pressure at the time of writing on Tuesday, as sellers remain dominant in the broader cryptocurrency market. The smart contract token’s recovery potential has remained a pipe dream since the October 10 flash crash, despite support at $0.3707-$0.3775 holding steady. Cardano has, since the October 10 flash crash, faced declining demand, with the derivatives market faltering. CoinGlass data shows futures Open Interest (OI) at $692 million, down from $842 million on Wednesday. OI represents the notional value of outstanding futures contracts and averaged $1.52 billion on October 10. Retail ... (full story)