Cardano's ADA drops 10% in a week, tests $0.24 support
- —ADA futures open interest fell 9% in a week to $1.81 billion from $1.99 billion
- —Large holders cut positions by about 90 million ADA ($22.5 million) since Sept. 20
- —Key support sits at $0.24; a break below opens the way to $0.21
- —If $0.21 holds, the technical target is the channel top near $0.28
Why it matters: Shrinking leverage and whale selling add pressure on ADA; holding $0.24 will decide whether it rebounds toward $0.28 or slides to $0.21.
Source: TokenPost