Cardano fell by about 27% in the past week. It dropped below $0.66 as crypto suffered from risk-off flows. Bitcoin’s decline to $104,000, coupled with a softer liquidity of altcoins, magnified the downside. On-chain data also shows that large holders are on defense.
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As ADA loses support, Whale Flows are Split.
Santiment-tracked wallets holding 1–10 million ADA offloaded about 40 million ADA over seven days, while broader whale distribution reportedly reached 350 million ADA, pressuring price. other big wallets accumulated 140–200 million ADA, creating a split tape that’s fueling choppy consolidation between $0.65–$0.70.
Derivatives are a great way to add to the caution. Cardano’s open interest The market fell 2.12%, to $669.9 Million. Long liquidations (1.1 million) outnumbered shorts (187,000), indicating that bulls were the ones who benefited most from the recent rally.
On the 4-hour graph, ADA has carved a wedge that is falling, but confirmation will require a break above $0.74. Until then, momentum indicators remain mixed: RSI 37 (approaching oversold) while CMF 0.12–0.15 hints at returning spot inflows that have yet to overpower supply from large holders.
First Downside Risk, Later Rebound
A technician’s flag “risk-first” path: losing $0.66 puts $0.65 in play; failure there opens $0.62–$0.60, then $0.57 (channel/structure confluence). The deeper the shakeout, the more likely it is that $0.53 will be tested if crypto-weakness persists.
On the upside, ADA must reclaim $0.66 and then clear $0.74–$0.80 (50-day EMA cluster) to flip trend strength. If the bulls can break through that price range, they will aim for $0.86. The psychological $1.00 mark is also possible if flows and risk appetite improve.
Several analysts still eye a path toward $1.20–$1.60 on a confirmed breakout, but most caution the market may dip before it rips given leverage resets and uneven liquidity.
ETF headlines including the Grayscale ADA ETF Decision Window on October 23, stablecoin flows and ETF net flow, and whether or not whale sales have cooled. A return to altcoins usually follows BTC stabilization. Conversely, a renewed BTC decline would extend ADA’s consolidation at the current lows.
On the daily graph, ADA's prices tend to trend downward. Source: ADAUSD on Tradingview
Still Build a Treasury System, Staking and Ecosystem
Prices are not the only thing to consider Cardano’s community treasury The total has surpassed 1.6 Billion ADA (over $1 billion). This is funded through fees and staking reward and governed by Project Catalyst. It’s a war chest which supports infrastructure, tooling and DeFI without VC overhead.
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TVL’s roadmap continues to expand, despite the fact that it lags behind larger chains in terms of TVL (which has a $288 million revenue).
Tradingview: Cover Image from ChatGPT – ADAUSD
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Source: www.newsbtc.com
