Cardano Under Pressure: Falling Network Activity Adds to ADA Selling Concerns

After ending September with massive gains, Cardano appears to be struggling again, losing almost 12% in the past week alone. But new data suggests that it could face more downside pressure as whale selling and weaker network activity raise concerns about its price outlook. According to crypto analyst Ali Martinez, large holders have sold more than 110 million ADA over the past five days. This adds selling pressure as the token approaches a key support level. To top that, network activity is also slowing. Daily active addresses have dropped 41.36%, after falling from 27,248 to 15,977.