Large Cardano Addresses Reduced Balances by 50 Million ADA Amid Price Decline

The cryptocurrency Cardano (ADA) continued its decline on November 9, 2026, trading around $0.1748 after five consecutive weeks of negative dynamics. Over the previous week, the token lost more than 9%, continuing the movement that began in early October. Analysts have paid additional attention to the reduction in the aggregate balances of large ADA addresses, which coincided with the deterioration of technical indicators.

According to data from the Santiment platform, since November 4, addresses holding between 10 million and 100 million ADA have reduced their aggregate holdings by approximately 50 million tokens. Such a change may indicate a reduction in positions by the corresponding group of holders, but it does not allow for a definitive conclusion on how much of the funds were sold on the open market.

What the Balances of Large Cardano Holders Show

Santiment tracks the distribution of cryptocurrency supply among addresses with various asset volumes. Changes in the aggregate balance in a specific category help assess the concentration of tokens and the behavior of different market participant groups. The decline in the indicator for addresses with 10–100 million ADA occurs against the backdrop of the ongoing drop in Cardano's price.

However, a decrease in balance does not necessarily mean a sale. Tokens may be moving between addresses of a single owner, entering exchange or custodial wallets, or transitioning to another category depending on the remaining balance. Therefore, Santiment data should be viewed as an indicator of ADA distribution changes rather than direct confirmation of market transactions involving 50 million tokens.

At the same time, smaller groups of large addresses showed different dynamics. According to published estimates based on Santiment, addresses with balances from 100,000 to 10 million ADA increased their aggregate holdings by approximately 20 million tokens over the same period. This indicates differences in holder behavior and does not allow characterizing the entire segment of large investors as exclusively selling.

ADA Technical Indicators Maintain Negative Dynamics

On the daily chart, Cardano continues to trade below the main exponential moving averages. At the time of the initial analysis, the 50-day EMA was around $0.209, the 100-day EMA was $0.211, and the 200-day EMA was $0.232. The price being below these levels indicates persistent weakness in the medium-term technical structure and the presence of several potential resistance areas.

The Relative Strength Index (RSI) was around 30 points, approaching the oversold zone. This value reflects the predominance of negative price momentum for the period under consideration, but it does not necessarily mean that the decline will continue. In some cases, proximity to an RSI of 30 may be accompanied by a short-term recovery if demand for the asset increases.

An additional sign of weakness was the MACD indicator, which was in the negative area. The combination of technical indicators did not confirm a sustainable upward reversal, although it did not rule out temporary recovery attempts. To assess further dynamics, analysts highlight the nearest support and resistance levels.

Under What Conditions Cardano Could Fall to $0.156

The most important negative reference in the current technical analysis is the support around $0.156. Relative to the price of $0.1748, a move to this level would mean an additional decline of approximately 10.8%. This scenario is considered if selling pressure persists and there is no sustainable recovery in demand.

However, the $0.156 level is not a guaranteed target. Price behavior at intermediate levels, changes in trading volumes, and the state of the entire cryptocurrency market can alter the technical picture. If buyers begin to actively defend the current range, ADA may transition to consolidation or attempt to recover some losses.

The first significant resistance, according to analysts, is $0.183. Securing above this level may weaken short-term pressure and create conditions for a move to the 50-day and 100-day EMAs around $0.209–0.211. Further recovery would require overcoming the 200-day EMA in the area of $0.232 and additional resistance areas above the current price.

Factors That Will Determine ADA's Further Dynamics

In addition to technical levels, the behavior of large holders is significant. Continued reduction in the balances of addresses with 10–100 million ADA may indicate further redistribution of supply, while stabilization of this indicator would be an additional signal to watch. However, to assess actual selling pressure, on-chain statistics need to be compared with data on exchange inflows and trading volumes.

Equally important is the overall dynamics of the cryptocurrency market. Changes in the value of Bitcoin, demand for altcoins, and liquidity can affect ADA regardless of the actions of individual groups of large addresses. Therefore, the technical scenario of a decline to $0.156 should be considered alongside market conditions, rather than as a direct consequence of the reduction in large holders' balances.

Thus, Cardano remains under pressure after five weeks of decline, and Santiment data indicates a reduction in aggregate holdings in one of the largest address categories. The nearest references remain support at $0.156 and resistance at $0.183. The further direction of the price will depend on the resilience of demand, the behavior of large participants, and the overall state of the digital asset market.