Cardano (ADA) Faces Continued Selling Pressure After 10% Weekly Decline

Cardano (ADA) is experiencing sustained selling pressure as open interest in its futures market dropped 9% to $1.81 billion over the past week. Analysts note that large holders have offloaded approximately 90 million ADA, worth about $22.5 million, since September 20. With a sell signal on the daily chart, ADA faces a critical support level at $0.24; a breach could lead to a further decline toward $0.21.