Cardano is up by less than 1% and is trading above $0.25 after a positive start to the week. The coin lost 9% of its value last week despite Bitcoin and other major cryptocurrencies rallying higher. Currently, the ongoing geopolitical conflicts dampen the broader risk sentiment. Furthermore, on-chain and derivatives data for ADA support a negative outlook as Open Interest (OI) and daily active addresses are dropping, indicating waning investor participation. The momentum indicators also signal a bearish trend, with sellers currently in control of the market. Retail participation continues to decline ADA lost 9% of its value last week as retail participation has been declining. Data obtained from CoinGlass shows that Cardano's futures Open Interest (OI) dropped to $424.