Cardano Price Slips as Analyst Flags Two More Downside Targets
6 Articles
6 Articles
Cardano price slips as analyst flags two more downside targets
Cardano price has slipped below $0.25 as daily momentum weakens, putting the $0.224–$0.240 support zone at the center of its recovery outlook. TradingView’s Binance ADA/USDT daily chart placed Cardano at approximately $0.2434 on Oct. 12, with a session high of…
ADA falls 7.41% on the day reported and quoted below its short-term mobile averages, although the volume does not show an expansion compared to its monthly average. Technical data point to sales pressure, but the settlements reported on the crypto market offer a plausible explanation, not confirmed for Cardano; the level of USD $0.232464 and the price reaction will be key to assessing whether stabilization occurs or the deterioration continues.
Cardano (ADA) fell below $0.25, weakening daily momentum. Analyst Jesse Olson counted that two correction targets have been met; the $0.224 region dictates the next step.
ADA Price Prediction: Squeezed at $0.25 as Taker Flow Contradicts Bullish Positioning and Channel Rejection Risk Looms
Cardano is pinned at $0.25 on Binance spot on October 12, 2026, with the MACD histogram flat at zero and taker sell volume outpacing buys, even as Binance account-level long positioning skews heavi... (Read More)
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