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Major Cardano holders reduce ADA positions after price rebound, signaling potential market pullback.

Technical Signals
12 Aug 2026
Cointribune
View Source
Bearish
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Large Cardano (ADA) holders have quietly reduced their positions following a price rebound above $0.20, with wallets holding 1M-10M ADA dropping from 2,370 to 2,340 in nine days. This coordinated selling coincides with technical indicators signaling a bearish trend, including a death cross on the MVRV ratio and a sell signal from the TD Sequential. Meanwhile, the Cardano Foundation approved the PRIME program, potentially injecting up to 120 million ADA to support DeFi liquidity, raising questions about its timing and impact. The key support level to watch is $0.17; if it breaks, ADA could face a deeper correction toward $0.144, reflecting a possible trend reversal.

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