ADA slid roughly 31% this month amid heavy selling and elevated volatility while whales accumulated about 50 million ADA. Key on-chain wins and concentrated buy-side activity suggest a fragile setup: potential bounce if price holds major support, but breakdown risks further downside.

ADA slid from about $0.61 to $0.556 between Nov 3–11 as large intraday volumes spiked above $1B mid-week. Whales trimmed positions (~4M ADA) while smaller wallets accumulated. The imminent Cardano Summit (Nov 12–13) and a proposed AI-to-AI micropayments upgrade are the primary near-term on-chain catalysts to monitor.

Recent Cardano coverage shows a sharp 24-hour volume surge to roughly $1.11B, notable whale accumulation of 100M+ ADA, and a critical resistance band near $0.64–$0.65. These tangible on-chain and trading signals suggest renewed interest but require catalysts—like ETF flows or Leios upgrade progress—for a sustained breakout.