深潮TechFlow
深潮TechFlow|Sep 30, 2026 12:31
[Analyst: ADA Faces Selling Pressure After a 10% Weekly Drop, $0.24 Becomes Key Support] Deep Tide TechFlow reports that on September 30, crypto analyst Ai stated that demand in the Cardano (ADA) futures market is cooling down. Open interest has dropped 9% over the past week, from $1.99 billion to $1.81 billion, indicating that traders are reducing leveraged positions. At the same time, whales appear to be taking profits, having sold approximately 90 million ADA, worth around $22.5 million, since September 20, further adding to recent selling pressure. Ai further pointed out that a sell signal appeared on ADA's daily chart on September 26, after which it declined by 10%. The pullback may not yet be over. The parallel channel on the daily chart shows that $0.24 is a key mid-level support; if breached, ADA could further decline toward the lower boundary of the channel around $0.21. If $0.21 holds, it could become the next buying opportunity, with the upper target of the channel around $0.28.
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