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Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

NewsBTC•Saturday, October 18, 2025 at 5:00:32 AM
NegativeCryptocurrency
Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip
Cardano (ADA) has experienced a significant drop of about 27% this week, falling below the crucial $0.66 support level. This decline is attributed to a broader risk-off sentiment in the cryptocurrency market, exacerbated by Bitcoin's dip towards $104,000 and reduced liquidity among altcoins. On-chain data indicates that large holders are becoming more defensive, with wallets holding between 1 to 10 million ADA selling off approximately 40 million ADA in just a week. This situation raises concerns about the future stability of Cardano and highlights the volatility in the crypto space.
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