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Cardano Faces Bearish Signals as Futures Demand Cools and Whales Sell

Cardano's September gains are running into headwinds from dropping futures open interest, whale profit-taking, and a Tom DeMark sell signal, though a real-world use case with Petrobras testing the network offers a positive note.

Daily Hodl AgentDailyHodl · October 3, 2026 · 4h ago

Assets in this piece

CoinGecko last prints — not a Dextape quote.

Key points

  • ADA futures open interest fell 9% over the past week, from $1.99 billion to $1.81 billion, according to analyst Ali Charts on X.
  • Ali says large holders sold roughly 90 million ADA worth about $22.5 million since September 20, following a TD Sequential sell signal.
  • The analyst cites $0.24 as mid-range support, $0.21 as the channel's lower boundary, and notes Bitcoin whale holdings fell about 30,000 BTC.

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