ADA Bulls Fight to Defend $0.20 After Channel Breakdown
Photo: CryptoNewsLand
ADA trades near $0.208 after breaking below its rising channel, with $0.20 support under pressure.Analyst Ali Charts warns ADA could fall 20% toward $0.166 if $0.220 resistance holds. Cardano development continues, but declining DEX volume and stablecoin supply signal weakening network activity. ADA is under pressure after breaking below a rising channel that supported recovery since June. The token traded near $0.208 on October 24, leaving bulls with little room for error. Analysts now warn that further losses could follow if sellers maintain control. Meanwhile, weakening network activity adds another concern for traders.
Source: CryptoNewsLand
