Cardano News Today: ADA's $0.30 Showdown: Whale-Driven Sell-Offs and Network Glitches Create Perfect Storm

Cardano's native token ADA faces mounting pressure as network disruptions and whale-driven sell-offs push the cryptocurrency toward critical support levels. On November 21, 2025, the Cardano mainnet experienced a one-hour slowdown in block production due to a technical glitch first identified in its Preview environment according to reports. IntersectMBO, the primary maintainer of Cardano's node software, advised operators running versions 10.3.1 or higher to upgrade to 10.5.2 to restore stability, while older versions and Daedalus wallet users remained unaffected. The incident exacerbated market anxiety, with ADA dropping as much as 13.7% in 24 hours to trade near $0.47, teetering close to the psychologically significant $0.30 support level.

The sell-off gained momentum after a dormant whale incurred a $6 million loss swapping 14.45 million ADA into the low-liquidity stablecoin USDA. The transaction, executed over five years after the wallet's last activity, resulted in only $847,000 worth of USDA, triggering a depegging event and spooking investors. Analysts noted that over 440 million ADA had been liquidated by large holders in the past month, compounding downward pressure. "The market's response was immediate-confidence cracked, liquidity thinned, and sellers accelerated their exit," one report stated according to analysis.

Technical indicators paint a grim picture for ADA. The relative strength index (RSI) hovers near oversold territory at 34.23, while the bearish momentum is underscored by a BBP reading of –0.0899 according to data. Key support levels at $0.50 and $0.47 have since been breached, exposing ADA to a potential drop toward $0.43 or even $0.30. Analyst Ali Martinez emphasized that failure to reclaim $0.53 could see ADA test the $0.60 level or succumb to a broader retracement toward $0.45.

Despite the bearish outlook, some analysts see a potential catalyst in the form of Midnight's upcoming NIGHT token launch on December 8, 2025. The privacy-focused sidechain aims to introduce selective disclosure smart contracts, balancing confidentiality with regulatory compliance. However, traders caution that ADA's immediate trajectory remains fragile, with liquidity challenges and macro sentiment likely to dominate until the asset tests critical support zones.

Block Inc., a separate entity unrelated to Cardano, has seen its stock surge amid a bullish three-year financial outlook, including projections of 30% annual adjusted operating income growth. While Block's performance highlights optimism in the fintech sector, it contrasts sharply with the struggles of ADA, which has yet to reclaim its $1.00 resistance level seen earlier this year.

For now, ADA remains in a precarious position. Traders are closely watching whether buyers will defend the $0.30 level-a historical floor that has previously stabilized the asset-or if further capitulation will push it toward deeper undervaluation according to market analysis. Without renewed volume or a shift in trend indicators, a recovery to the 50-day moving average near $0.60 appears unlikely based on technical analysis.