Cardano’s price continues to face significant selling pressure, trading around $0.2637 with a 3.76% daily decline. Despite a market capitalization of approximately $9.55 billion, analyst observations indicate the asset could face further downside toward $0.145. Data from Santiment shows large holders, or “whales,” control 67.47% of the total ADA supply, a sign of accumulation even as the market weakens.
Cardano’s price shows renewed weakness as bearish momentum dominates short-term sentiment. Trading near $0.2637, ADA recorded a 3.76% daily decline despite its position among top digital assets.
The coin’s market cap stands at about $9.55 billion with a daily trading volume of approximately $616.62 million. Its market dominance remains relatively steady at 0.36%.
Santiment Intelligence reported strong accumulation trends among large holders despite market weakness. Wallets holding at least 1 million ADA control around 25.09 billion tokens, representing 67.47% of the total supply.
This accumulation has occurred even as Cardano experienced a 71% decline in market capitalization over nine months. There is a clear difference in trend, with institutional investors accumulating at lower prices.
Analysts believe the Cardano price is attempting to maintain stability near the critical $0.221 support level. Comparisons with earlier market cycles indicate the asset may not have fully reached its bottom phase yet.
Technical observations note similarities with the 2022 bear cycle, where a deeper pullback followed sideways consolidation. Projections based on Fibonacci extensions suggest the price could fall to $0.145 if the decline continues.
