Cardano News Update: ADA Faces $0.30 Battle as Whale Sell-Offs and Network Issues Combine for Turbulent Conditions

Cardano's native cryptocurrency

is under increasing strain as network issues and significant sell-offs by large holders drive the token toward crucial support thresholds. On November 21, 2025, the mainnet encountered a one-hour delay in block creation due to a technical problem initially detected in its Preview environment . IntersectMBO, responsible for maintaining Cardano's node software, recommended that operators using version 10.3.1 or newer update to 10.5.2 to stabilize the network, while those on older versions and Daedalus wallet users were not impacted. This event , causing ADA to fall by up to 13.7% within a day, trading near $0.47 and approaching the key $0.30 support mark.

The downward trend accelerated after a previously inactive whale took a $6 million loss by exchanging 14.45 million ADA for the thinly traded stablecoin USDA. The move,

after the wallet's last transaction, yielded just $847,000 in USDA, leading to a depegging incident and unsettling investors. that over the past month, major holders have offloaded more than 440 million ADA, intensifying the selling pressure. "The market reacted instantly—confidence faltered, liquidity dried up, and sellers rushed to exit," one analysis noted .

Technical signals suggest a bleak outlook for ADA. The relative strength index (RSI) is close to oversold at 34.23, and bearish momentum is highlighted by a BBP value of –0.0899 . Important support points at $0.50 and $0.47 have been broken, toward $0.43 or even as low as $0.30. that unless ADA reclaims $0.53, it may either challenge the $0.60 mark or face a broader pullback toward $0.45.

Despite the negative sentiment, some market watchers believe the upcoming launch of Midnight's NIGHT token on December 8, 2025, could provide a positive spark.

to enable selective disclosure smart contracts, aiming to balance privacy with regulatory needs. Still, traders warn that ADA's short-term path is uncertain, are expected to dominate until the token tests major support levels.

Meanwhile, Block Inc., a company not affiliated with Cardano, has seen its shares climb on the back of a positive three-year financial forecast,

. While Block's gains reflect optimism in the fintech industry, this stands in stark contrast to ADA's difficulties, reached earlier in the year.

Currently, ADA remains in a vulnerable state. Traders are monitoring whether buyers will defend the $0.30 level—a historical support that has previously stabilized the token—or if further selling will drive it to even lower valuations

. Without a surge in trading volume or a shift in technical indicators, a rebound to the 50-day moving average near $0.60 seems .