Cardano Price Forecast: Bears take control as losing streak reaches five weeks

• Cardano remains subdued near $0.176 on Monday, following a correction of over 9% last week that extended its losing streak to five weeks.
• Selling pressure is mounting as some whale wallets cut their ADA exposure, according to Santiment data.
• A recovery in ADA faces constraints from softer on-chain metrics and a worsening technical picture, leaving prices vulnerable to another correction.

Bearish pressure continues to weigh on Cardano (ADA), which is stabilising near $0.176 on Monday. A decline of over 9% last week marked its fifth consecutive weekly loss since early October. Large whale cohorts have been trimming their ADA holdings, reinforcing the weak price trend. With on-chain indicators also softening and the technical picture deteriorating, further losses remain possible.

What does whale selling mean for ADA?

A reduction in exposure among large-wallet holders, or whales, reinforces the bearish case for Cardano in Santiment’s Supply Distribution data.

Since November 4, wallets holding between 10 million and 100 million tokens (blue line) have cut their holdings by 50 million tokens, the metric shows.

Over that same period, 20 million ADA has been accumulated by whales with holdings of between 100,000 and 1 million (red line) and between 1 million and 10 million (yellow line). The figures point to changing positions among large holders: small whales are taking up some of the supply as top-tier and mid-sized whales pare their exposure. Such a pattern often signals distribution, increasing Cardano’s near-term downside risk.

Are on-chain indicators signalling further weakness?

Caution is evident in CryptoQuant’s summary data. Although large whale orders are present in ADA’s spot and futures markets, conditions are overheated and selling dominates. Taken together, these signals point to a cautious, bearish bias among Cardano traders.

Cardano Price Forecast: Can bears push towards $0.156?

The near-term outlook for Cardano remains bearish as it trades at $0.176 on Monday, below the 50-day Exponential Moving Average (EMA) of $0.209, the 100-day EMA of $0.211 and the 200-day EMA of $0.232. With these EMAs grouped above the current price, the recent rebound from below $0.180 appears corrective for now. Momentum is weak but showing signs of stabilisation, with the Relative Strength Index (RSI) close to 32. Meanwhile, the Moving Average Convergence Divergence (MACD) is still marginally negative, suggesting limited upside beneath resistance from the broader downtrend.

Any advance would first encounter horizontal resistance near $0.183. Beyond that, the EMA resistance cluster begins at $0.209 and $0.211 and stretches towards the longer-term cap of $0.2323. Higher up, supply is evident at $0.236 and $0.245, followed by a more distant resistance level of $0.296.

For support, the closest structural level is the horizontal zone around $0.156. A decisive break back towards that area would again expose ADA to deeper losses.

(The technical analysis of this story was written with the help of an AI tool. Know more.)