Cardano $0.24 Price Battle: Will ADA Drop Another 12%?

Cardano (ADA) price faces downside risk as large holders reduce their positions and network activity declines, according to analyst Ali Martinez. Citing Santiment data on X, Martinez said Cardano is heading for a “big correction” amid whale selling and weakening network participation. According to the analyst, large holders have offloaded more than 110 million ADA over the past five days. The selling adds pressure as ADA approaches a support level that will determine its next move. CoinMarketCap data shows ADA trading at $0.2386. It is down approximately 6% over the past 24 hours and 12% over the past seven days.

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