FeesSafety
Pluang+

Cardano (ADA) price drops 90%, testing key $0.16 support amid altcoin market turmoil.

Market News
11 Aug 2026, 00:04 WIB
Dailycoin
View Source
Neutral
Cardano (ADA) price drops 90%, testing key $0.16 support amid altcoin market turmoil.

Cardano (ADA) has suffered a severe price drop of 90% from its peak, marking one of the largest declines among altcoins during ongoing market instability driven by geopolitical uncertainty. While Bitcoin and Ethereum have held up relatively better, nearly 40% of altcoins are trading near all-time lows. ADA's price is currently testing a critical support level around $0.16, with increased trading volumes signaling potential for a reversal. The future direction depends heavily on institutional interest and confidence in Cardano's strong decentralization and network security, highlighted by its high Nakamoto Coefficient. A successful bounce at this level could indicate a long-term recovery for ADA amid a challenging crypto market.

More News (ADA)

Bitcoin Cash leads 2026 crypto losses with a 61.76% drop, followed by Polkadot and Cardano.

Bitcoin Cash leads 2026 crypto losses with a 61.76% drop, followed by Polkadot and Cardano.

Gemini ranked the top 10 crypto assets with the largest year-to-date losses as of November 10, 2026. Bitcoin Cash suffered the steepest decline at 61.76%, followed by Polkadot down 53.03%, and Cardano down 48.04%. Other notable losses include XRP, Do...

Bearish
23 hours ago
Cardano (ADA) rises 3.39% to $0.1797 with futures open interest up 3.20% to $402.7M

Cardano (ADA) rises 3.39% to $0.1797 with futures open interest up 3.20% to $402.7M

Cardano (ADA) saw its price increase by 3.39% to $0.1797 as of 10:44 a.m. ET on November 11. At the same time, the open interest in ADA futures rose by 3.20% to $402.70 million, indicating a growing number of unsettled futures contracts. While the ri...

Market News
Bullish
1 day ago
Cardano futures open interest rises 5.4% to $395M despite price falling below $0.175

Cardano futures open interest rises 5.4% to $395M despite price falling below $0.175

Cardano's open interest in futures increased by 5.42% to $395.09 million even as its price dropped below $0.175 on November 11, 2026. This rise in futures positions amid a falling price suggests increased market volatility and risk of sharp price swi...

Technical Signals
Bearish
1 day ago
Cardano's Node 11.2 upgrade live; 57% of ADA staked, but holders face losses amid steady price decline.

Cardano's Node 11.2 upgrade live; 57% of ADA staked, but holders face losses amid steady price decline.

Cardano's Node 11.2 upgrade has launched on the mainnet, introducing core features requiring operators to upgrade. Coinbase data shows 57% of ADA supply is staked, indicating strong holder conviction and network resilience. Despite this, both short- ...

Protocol Fundamentals
Neutral
2 days ago
Cardano-backed system to secure police evidence in India seeks 9.6M ADA funding for expansion.

Cardano-backed system to secure police evidence in India seeks 9.6M ADA funding for expansion.

Cardano is supporting Trivolve Tech's plan to expand its blockchain-based Police Force Management System (PFMS) across Telangana, India, to secure criminal evidence records through all stages of police and judicial processes. The system, already used...

Protocol Fundamentals
Bullish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App