Cardano risks further losses as whale holdings decline

Cardano (ADA) consolidates below $0.20 on Monday after losing 21% in October, with support holding around $0.1894. Large investors holding between 10 million and 100 million ADA have reduced their share of circulating supply from 38.03% to 37.45%. Technical indicators remain bearish, with a break below $0.1894 potentially exposing ADA to further declines.