Overview

• ADA traded near $0.81 on Sept. 23 after closing Monday below an ascending trendline that had held since July.
• On-chain data flagged fresh exchange supply from long-inactive addresses, with Santiment’s Age Consumed showing notable spikes.
• Large holders reportedly offloaded about 560 million ADA—roughly $500 million—in four days, reinforcing selling pressure.
• CryptoQuant’s Taker CVD remains negative as RSI sits around 40 and MACD registered a bearish crossover, pointing to weak momentum.
• Key levels now include support near $0.880 and $0.837, with $0.84 and $0.95 seen as reclaim thresholds before any renewed push toward $1.20–$1.25.