Cardano's ADA Tests $0.1898 Support After Channel Breakdown as Binance Hack Weighs on Market
- —ADA broke below its channel near $0.22 after failing at $0.27–$0.28 in early October
- —RSI at 31.1 sits near oversold, while MACD stays below its signal line
- —Cardano DeFi TVL is $57.86 million; seven-day DEX volume fell about 19.2%
- —A close below $0.1898 would expose $0.182, then $0.17 and $0.16
Why it matters: ADA is sitting on a key support level that will determine whether the altcoin selloff triggered by the Binance breach extends further.
Source: CoinCentral