Cardano Price Prediction: ADA Retreats From $0.20 as Analyst Warns of a Slide to $0.170
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Cardano (ADA) trades at $0.1863 on August 12, slipping below the 0.618 Fibonacci retracement at $0.1998 with the 0.5 level at $0.1880 as the next support and bullish/bearish pivots at $0.1998 and $0.1762 respectively. Analyst Ali Charts flagged three warning signals — falling whale count, an MVRV death cross and a Tom DeMark sell signal pointing to $0.170 — while the 30-year US bond yield hitting 5.28% (the highest since 2007) adds macro pressure on crypto, DeFi and token performance, weighing on adoption.
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- ADA trades at $0.1863 on August 12, down 0.32%, slipping below the 0.618 Fibonacci at $0.1998 with the 0.5 level at $0.1880 as the next support
- Analyst Ali Charts flagged three warning signals: falling whale count, an MVRV death cross, and a Tom DeMark sell signal pointing to $0.170
- The 30-year US bond yield hit 5.28%, its highest since the 2007 financial crisis, adding macro pressure on risk assets including crypto
The Cardano price prediction points to $0.1998 on the bullish side and $0.1762 on the bearish side, with ADA trading at $0.1863 today after slipping below the 0.618 Fibonacci as three separate warning signals fired at once.
ADA Price Analysis: Cardano Slips Below the 0.618 Fibonacci to $0.1863
ADA is retreating from its August highs above $0.20, slipping back below the 0.618 Fibonacci retracement at $0.1998 …
Read The Full Article Cardano Price Prediction: ADA Retreats From $0.20 as Analyst Warns of a Slide to $0.170 On Coin Edition.
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