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Cardano (ADA) drops 10% as futures demand cools and large holders sell off

Technical Signals
30 Sep 2026
Tokenpost
View Source
Bearish
Cardano (ADA) drops 10% as futures demand cools and large holders sell off

Cardano (ADA) fell 10% over the past week following a sell signal on its daily chart and reduced demand in the futures market. Open interest in ADA futures declined 9%, indicating traders are lowering leveraged exposure. Large holders have also sold about 90 million ADA tokens, worth roughly $22.5 million, since September 20. The key support level to watch is $0.24; if ADA falls below this, it could drop further to around $0.21, while the upper target remains near $0.28. The token's next move depends on whether it can hold the $0.24 support level.

As of Oct 01, 2026 09:31 WIB, Cardano (ADA) trades at Rp4.436 on Pluang, showing a 1-day gain of 0.98%. Despite the recent weekly decline reported, Pluang data reveals a balanced order activity with 47% Sell and 53% Buy, and a typical hold time of 126 days. The market cap stands at Rp163,56 trillion, highlighting sustained investor interest amid fluctuating futures demand.

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