Cardano Price Prediction: ADA Pulls Back 3% as Trump Memecoin Rumor Gets Debunked
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Cardano (ADA) traded at $0.21996 on August 24, down 3.08% after cooling off from last week’s rally despite reclaiming the 0.5 Fibonacci level near $0.213. Crypto trading volume hit about $85 billion over the past 24 hours, a high weekend reading, a Trump-linked memecoin token launch rumor was debunked, and upcoming macro events like the Jackson Hole Symposium and the PCE inflation report could decide the next move.
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- ADA trades at $0.21996 on August 24, down 3.08%, cooling off after breaking above the 0.5 Fibonacci level near $0.213
- Crypto trading volume hit $85 billion over the past 24 hours, one of the highest weekend readings in months
- A rumor about a new Trump linked memecoin launch was debunked after briefly stirring market concern
The ADA price prediction stays volatile as price cools off from last week’s rally, with today’s 3% dip barely registering next to the double digit swings seen over the weekend. A packed week ahead, including the Jackson Hole Symposium and a PCE inflation report, will likely decide which way this pullback resolves.
Cardano Price Analysis: Will ADA Price Go Up After Reclaiming the 0.5 Fibonacci Level?
ADA surged sharply last week, breaking above the descending trendline that had capped every recov…
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