Web3
Analyst Ali Maps 20% Downside for Cardano (ADA) After Rising Channel Breakdown
COINOTAG·October 24, 2026·1 min read
Cardano (ADA) broke below its rising parallel channel from late June, according to analyst Ali. He warns of a potential 20% drop toward $0.166, with $0.220 now acting as resistance. The breakdown signals a bearish shift for ADA, which has been under pressure as the channel's support failed to hold.
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