Cardano (ADA) continues to face selling pressure following a 10% weekly decline, with futures market demand cooling significantly. Open interest dropped 9% over the past week from $1.99 billion to $1.81 billion as traders reduced leveraged exposure. Concurrently, whales have decreased their holdings by approximately 90 million ADA, worth roughly $22.5 million, since September 20. Technical analysis identifies $0.24 as key mid-level support on the daily chart's parallel channel structure. A breach of this level could drive prices toward the lower boundary at $0.21. If $0.21 holds, it may present a buying opportunity with an upside target near the channel top at $0.28.