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2h ago

Cardano Drops 20% to $0.64 as Large Holders Step In

Large holders increased positions during the slide, with derivatives and momentum gauges still signaling seller control.

Cardano Price Drops by 20% as Market Turns Bearish — Can Bulls Defend the $0.66 Support?
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Overview

  • ADA fell roughly 20–21% in 24 hours to near $0.64, with reported trading volume spiking past $4.6 billion and liquidation-driven selling accelerating the move.
  • Santiment data show wallets holding 10–100 million ADA added about 140 million coins since Oct. 10, lifting cohort holdings to roughly 13.20 billion ADA.
  • Retail participation picked up as the Money Flow Index formed a higher low, indicating net capital inflows despite the price decline.
  • Key risk signals stay bearish, including a depressed Smart Money Index, no bullish divergence on RSI, and a persistent descending triangle on the daily chart.
  • Derivatives tilt to sellers with negative funding rates and CryptoQuant’s CVD showing sell-side dominance, while $0.6671 and the $0.60–$0.58 area are the near-term levels to watch for support and stabilization.