Analyst warns Cardano could slide to $0.12 on four bearish signals
- —ADA is down 25.7% from its early-month peak of $0.28
- —The $0.1204 target sits 42.1% below the $0.208 level cited in the analysis
- —Sell-day volume over the past 20 days is 2.2x buy-day volume
- —A recovery above $0.2452 and the 200-day EMA would invalidate the bearish case
Why it matters: ADA is testing a trendline with four prior touchpoints: a break could send it to 2020 lows, while a defense could spark a rebound.
Source: Digital Today