On Monday afternoon, Cardano (CRYPTO: ADA) experienced a significant decline, dropping over 8% in its 24-hour trading period. In comparison, major cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) both saw an over 6% decline in the same timeframe. What Happened: According to CoinGlass, ADA’s open interest in the past 24 hours has declined by 14%, signaling an outflow of money from the market. Crypto analyst, Ali Martinez took to his X handle on Dec.9, pointing out that sell signals can be seen on both the 3-day and 1-day ADA charts marking a potential correction of one to four …

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