Raise

would

Daily

Resistance

Cardano

<ul>
 <li>Cardano whales sold more than 110 million ADA in five days, while daily active addresses fell 41.36% to 15,977.</li>
 <li>ADA trades near $0.239, with $0.24 as a critical support level and $0.21 as a potential downside target.</li>
 <li>ADA remains below its 50-day moving average near $0.252 but above its 200-day average around $0.237.</li>
</ul>
<p>Cardano faces <a href="https://x.com/alicharts/status/2109764362709926201?s=20" rel="noopener noreferrer nofollow">renewed</a> downside pressure as large holders sell more than 110 million ADA in five days, according to analyst Ali Charts. Daily active addresses have also dropped 41.36%, falling from 27,248 to 15,977. With ADA trading near $0.239, the analyst identified $0.24 as a critical support level.</p>
<h2 class="wp-block-heading" id="strong-whale-selling-and-network-activity-raise-concerns-strong"><strong>Whale Selling and Network Activity Raise Concerns</strong></h2>
<p>Ali Charts reported that <a href="https://cryptofrontnews.com/cardano-active-addresses-near-27500-as-ada-falls-13/" rel="noopener noreferrer nofollow">Cardano</a> whales have reduced their holdings by more than 110 million ADA over five days. The selling comes as the token approaches support near $0.24. Meanwhile, daily active addresses fell from 27,248 to 15,977, representing a 41.36% decline.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/alicharts/status/2109764365331091683?s=20
 </div>
</figure>
<p>Ali Charts linked the drop in network participation with continued selling by large holders. The analyst warned that ADA could face a deeper correction if it loses support near $0.24. A break below that level would put the rising channel’s lower boundary near $0.21 in focus.</p>
<h2 class="wp-block-heading" id="strong-ada-price-retreats-from-recent-highs-strong"><strong>ADA Price Retreats From Recent Highs</strong></h2>
<p>ADA has pulled back after rallying from its June lows near $0.14. The token stabilized around 0.15–0.17 before recovering through August and September. The rally pushed <a href="https://cryptofrontnews.com/cardano-whales-return-as-ada-market-cap-jumps-42/" rel="noopener noreferrer nofollow">ADA</a> above $0.196 and $0.215 before reaching approximately 0.27–0.28 in October.&nbsp;</p>
<p>However, the latest decline has brought the price to around $0.239. The chart places immediate support between $0.237 and $0.233. If selling intensifies, further downside levels include $0.215 and $0.196.</p>
<p>Resistance sits between $0.252 and $0.271. A recovery above $0.252 could open another attempt toward the upper end of that range.</p>
<h2 class="wp-block-heading" id="strong-moving-averages-highlight-key-ada-levels-strong"><strong>Moving Averages Highlight Key ADA Levels</strong></h2>
<p>ADA trades below its <a href="https://cryptofrontnews.com/bitcoin-reclaims-365-day-ma-as-100k-target-comes-into-view/" rel="noopener noreferrer nofollow">50-day moving average</a> at approximately $0.252. However, the price remains slightly above its 200-day moving average near $0.237. The 50-day average reflects weakening short-term momentum, while the 200-day average remains a longer-term reference.&nbsp;</p>
<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2026/10/Cardano-ADA-09.27.15-13-Oct-2026-1-1024x347.png" alt="">
 <figcaption>
  Source: <a style="font-size: 0.875em; display: inline !important;" href="https://app.santiment.net/charts?slug=cardano" rel="noopener noreferrer nofollow">Santiment</a>
 </figcaption>
</figure>
<p>Trading volume has increased during major rallies and sharp declines, with the latest reading at approximately 557.56 million ADA. A decisive break below $0.233 could expose $0.215. Conversely, reclaiming $0.252 could strengthen the recovery toward $0.271.</p>

Cardano Faces $0.21 Risk as Whales Sell 110M ADA, Says Analyst

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