Markets· ★★· bearish·

Cardano's ADA breaks uptrend, analyst sees 20% drop to $0.166

  • —ADA has exited the uptrend in place since late June, Martinez said
  • —The analyst flagged $0.220 as the key resistance level for ADA
  • —A rejection at $0.220 could send ADA down 20% to $0.166
  • —ADA trades at $0.2088, down 3.32% over the past 24 hours
Why it matters: Losing trend support and stalling at $0.220 could deepen selling pressure on ADA and weigh on altcoins more broadly.
#ADA
Source: Bloomingbit
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