Cardano Price Tests $0.24 as Whales Shed 110M ADA Despite Record Activity

• Cardano price is testing $0.24, with $0.21 flagged as a downside level, a hypothetical recovery to $0.2443 would yield a 2.26% gain from $0.238895
• ADA whales reduced holdings by over 110 million ADA in five days, while daily active addresses fell 41.36%, according to Ali Charts
• Cardano recorded 1.78 million transactions in Epoch 660, approximately 13.65% above its previous record

Cardano price is hovering around $0.24, with large holders reducing their balances just as the network reports its busiest epoch on record. This combination leaves traders with competing signals and more transactions on the blockchain, but weaker participation in another closely watched measure. Analyst Ali Charts has flagged a lower price level to watch if buyers lose their footing. The transaction milestone offers some encouragement, although it has yet to settle the question facing ADA holders.

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Cardano Whale Selling Puts Support Under Pressure

Ali Charts reported that large holders reduced their holdings by more than 110 million ADA over five days, citing Santiment data. He described the reduction as selling pressure near a key ADA support level.

His analysis also showed daily active addresses falling from 27,248 to 15,977, a 41.36% decline over the displayed period. That measures active addresses, rather than individual users, but suggests less participation among the addresses tracked.

In addition, Ali placed rising-channel support near $0.24, with the lower boundary around $0.21 as the next area to watch following a breakdown.

The $0.238895 ADA price sits slightly below the first level. That makes a recovery above $0.24 relevant to his setup, while $0.21 remains a conditional technical scenario.

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Record Transactions Tell a Different Network Story

Cardano network activity produced a substantial milestone during Epoch 660. Reports revealed 1,780,896 Cardano transactions. That exceeded the previous record of 1,566,974 by approximately 13.65%.

Cexplorer’s epoch page dates the period from October 6–11 and records 21,243 blocks and approximately 337,720 ADA in fees. The record and declining active addresses measure different things. A smaller set of addresses can generate many transactions, and a five-day total can remain high while daily participation subsequently falls. The milestone alone therefore offers limited evidence of sustained buying demand.

Cardano Price Prediction Shows a Modest Recovery Scenario

CoinCodex’s Cardano price prediction lists an October maximum of $0.2443. Its displayed November and December maximums are lower, at $0.2098 and $0.2111. These are algorithmic forecasts that change with market inputs.

MarketCapOf’s Cardano profit calculator revealed the October scenario. A $2,000 investment at $0.238895 would become $2,045.25 at $0.2443, yielding $45.25, or 2.26%, before fees and taxes.

That would be a small rebound. For Cardano price to establish a stronger recovery, traders will be watching whether whale balances stabilize and activity extends beyond one record epoch.

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