Key takeaways
Cardano (ADA) trades below $0.175 on Monday after declining more than 9% last week.
Large Cardano whales holding between 10 million and 100 million ADA have offloaded approximately 50 million tokens since November 4, signaling weakening confidence.
ADA risks extending its decline toward $0.156 as bearish technical indicators persist, while immediate resistance stands at $0.183.
Cardano (ADA) remains under pressure on Monday, trading around $0.1748 after recording five consecutive weeks of losses.
The cryptocurrency declined more than 9% last week, extending a downturn that began in early October as selling pressure continues to outweigh buying interest.
Cardano whales dump 50 million ADA tokens
Cardano’s largest investors have continued reducing their holdings, raising concerns about the cryptocurrency’s near-term price outlook.
According to Santiment’s Supply Distribution data, wallets holding between 10 million and 100 million ADA have collectively offloaded approximately 50 million tokens since November 4.
The decline suggests that this group of large holders has become increasingly cautious amid Cardano’s prolonged price weakness.
Beyond whale distribution, Cardano’s broader on-chain and trading indicators continue to reflect cautious market sentiment.
CryptoQuant’s market summary highlights significant whale orders across ADA’s spot and futures markets, accompanied by overheating conditions and sell-side dominance.
The combination suggests that large market participants remain active, but selling activity continues to outweigh buying interest.
Cardano technical outlook: ADA bears target the $0.156 support
Cardano’s technical outlook remains unfavorable as the cryptocurrency struggles to recover from five consecutive weeks of losses.
At the time of writing on Monday, ADA trades around $0.1748, remaining firmly below its major Exponential Moving Averages (EMAs).
The 50-day EMA stands at $0.209, while the 100-day EMA is positioned at $0.211. Meanwhile, the longer-term 200-day EMA sits considerably higher at $0.232.
The recent recovery attempt from below $0.180 has done little to change the broader technical structure, suggesting that the rebound may represent temporary consolidation rather than the beginning of a sustained bullish reversal.
Momentum indicators also point to continued weakness. The daily Relative Strength Index (RSI) hovers near 30, approaching oversold territory while indicating that selling momentum remains dominant.
Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly negative, reinforcing the cautious outlook.
If ADA fails to attract stronger buying interest, sellers could push the price toward the horizontal support level at $0.156.
A decisive breakdown below this area would weaken the technical structure further and potentially expose Cardano to a deeper correction.
However, Cardano could attempt a short-term recovery if buyers defend current price levels. The first significant resistance stands at $0.183, which ADA must reclaim to establish an initial improvement in momentum.
A sustained breakout above this level could encourage buyers to target the 50-day EMA at $0.209, followed closely by the 100-day EMA at $0.211.
However, these moving averages form a concentrated resistance zone that could attract renewed selling pressure.
Beyond this area, the 200-day EMA around $0.232 represents another major hurdle. Additional resistance levels are located at $0.236 and $0.245, while a more substantial recovery could eventually bring the $0.296 region into focus.
