Analyst Warns of Continued Selling Pressure on ADA with $0.24 Support

Analyst Ai reported that Cardano (ADA) is facing selling pressure as open interest in futures dropped 9% to $1.81 billion over the past week. Whales have offloaded approximately 90 million ADA, worth about $22.5 million, since September 20. Following a sell signal on September 26, ADA has declined 10%, with $0.24 identified as a critical support level. A breach could lead to a further drop toward $0.21.