Cardano Price Prediction: ADA Risks a Drop to $0.21 as Whales Sell 110 Million Tokens
Cardano (ADA) is facing renewed downside pressure as large holders reportedly reduce their positions and network activity weakens. Crypto analyst Ali Charts highlighted these developments on October 13, identifying $0.24 as a critical support level for the token. If sellers push ADA below that threshold, the analyst sees the lower boundary of a rising price channel near $0.21 as the next area to watch.
The warning comes as traders assess whether Cardano’s recent price structure can withstand continued selling. Whale movements, wallet activity and technical support levels are being closely watched for clues about the market’s next direction. However, the signals point to a potential correction rather than confirming that a deeper decline is inevitable.
According to figures shared by Ali Charts and attributed to Santiment Intelligence, Cardano’s large holders have sold more than 110 million ADA over five days. Such a reduction can add selling pressure when market demand is insufficient to absorb the available supply. The figures do not establish whether all the tokens were sold on exchanges or whether every transaction represented an outright exit from the asset.
Cardano Whales Sell 110 Million ADA as Network Activity Falls
The reported whale selling is accompanied by a substantial decline in daily active addresses. Ali Charts cited a fall from 27,248 to 15,977 active addresses, representing a decrease of 41.36%. This suggests fewer addresses interacted with the network during the measured period, although a drop in daily activity does not automatically mean that long-term users are leaving Cardano.
The combination of lower activity and whale distribution is important because it presents two different measures of market participation. Large holders appear to be reducing exposure, while fewer addresses are engaging with the network. If these trends persist, traders may question whether demand is strong enough to support ADA during a broader market pullback.
Active-address data nevertheless requires careful interpretation. One address does not necessarily equal one individual, and changes in transaction patterns can influence daily totals. The figures alone cannot establish whether users are abandoning Cardano, moving assets between wallets or simply becoming less active.
For ADA holders, the immediate issue is whether buying interest can absorb the reported supply. A market can withstand large-holder sales when other investors step in, but sustained selling combined with weakening participation can make support levels more vulnerable. Trading volume, exchange flows and subsequent network activity would help clarify whether the reported trend is continuing.
The wider market also matters. Cryptocurrency prices can react to Bitcoin’s direction, liquidity conditions and changes in investor risk appetite. Even if Cardano’s network activity stabilizes, a broader sell-off could still pressure ADA. Conversely, stronger demand or an improvement in market sentiment could help the token defend its current technical structure.
Can ADA Hold $0.24 or Fall Toward $0.21?
Ali Charts identifies approximately $0.24 as the key support area along Cardano’s rising channel. A sustained break below this level would weaken the immediate technical setup and put the channel’s lower boundary near $0.21 in focus. That would represent a further downside scenario, not a confirmed price target.
Recent market reporting also places ADA around the $0.24 region, underlining the importance of the level. CoinMarketCap’s October 13 analysis described a weak short-term price picture and highlighted a support zone spanning approximately $0.224 to $0.240. This broader range suggests that traders may monitor price action across several nearby levels rather than treating $0.24 as an exact line. er correction. Traders often look for a sustained break, stronger selling volume or a failed recovery before treating a support loss as a meaningful change in market structure. If ADA falls below $0.24 but quickly reclaims the level, the bearish scenario could weaken.
If buyers defend the support zone, ADA could instead attempt to stabilize and recover. A sustained rebound would need to overcome nearby resistance and demonstrate that demand is returning. Until price confirms that shift, the market remains exposed to further volatility, and neither a rebound nor a drop to $0.21 is guaranteed.
Cardano investors should therefore watch three developments: whether large-holder selling continues, whether daily active addresses recover from 15,977, and whether ADA holds the $0.24 area. The reported figures provide reasons for caution, but they are not enough on their own to determine the token’s next move. For now, $0.24 is the level Ali Charts has placed at the center of the outlook, with $0.21 becoming relevant if support gives way.
About The Author
