ADA Drops Beneath Technical Support Following Institutional Retreat

Cardano Slides Below Support as Institutional Outflows Deepen

Cardano’s ADA fell more than 3% on Wednesday to $0.64, breaking below a key support level as institutional sentiment toward altcoins weakened, according to CoinDesk Analytics.

The sell-off intensified after trading volume spiked 67% above average, with nearly 183 million ADA changing hands. The breach of $0.645 triggered additional selling pressure, confirming a short-term bearish trend.

Institutional investors appeared to retreat from ADA exposure. CoinShares reported $300,000 in weekly outflows, reversing the $3.7 million inflows seen a week earlier. Analysts said renewed caution followed ETF approval delays and a broader rotation away from risk assets, prompting capital to shift from altcoins to more stable holdings.

From a technical standpoint, ADA now faces immediate resistance near $0.655, with a descending pattern of lower highs from the $0.6719 peak suggesting continued weakness. A sustained move below $0.64 could open further downside unless momentum improves.

The broader market mirrored the decline. The CoinDesk CD5 Index, which tracks large-cap digital assets, dropped 2% over the past 24 hours, highlighting persistent pressure across crypto markets heading into November.