Cardano Risks 20% Drop as ADA Breaks Key Support, Says Analyst

Analyst warns ADA could fall 20% toward $0.166 if $0.220 resistance holds following a breakdown below its rising price channel. Cardano’s RSI sits at 34.77 and MACD remains negative, signaling continued selling pressure as ADA trades near $0.2056. Germany’s DZ BANK includes Cardano alongside Bitcoin, Ethereum and Litecoin on meinKrypto, subject to participating banks’ adoption decisions. Cardano faces a potential 20% decline toward $0.166 after analyst Ali Charts reported a breakdown below its rising price channel. ADA also continues to trade near $0.20, with bearish momentum appearing across its four-hour chart.

Source: Crypto Front News