Cardano price falls 11% as analyst eyes $0.36 on a breakout

Cardano price has fallen more than 11% against its weekly opening level, leaving ADA near $0.223 as market commentator Nehal outlines a conditional recovery toward $0.30–$0.36 from support around $0.21–$0.22. Summary Cardano traded near $0.223, with its weekly chart showing an 11.57% decline. Daily RSI stood at 42.07, while ADA remained below its $0.2441 moving average. Nehal outlined conditional targets of $0.30–$0.36, with invalidation below $0.21. CoinGlass showed overhead liquidation concentrations around $0.234–$0.235 and $0.240–$0.244. TradingView’s Binance ADA/USDT weekly chart showed ADA at $0.2231 on Oct. 17, with a displayed decline of 11.57%. The weekly range ran from $0.2159 to $0.2561, while the daily chart placed the token at $0.2232 at 11:40 UTC. Cardano price retreats toward the lower Bollinger Band On the daily chart, TradingView recorded a session high of $0.2258 and a low of $0.2226. ADA was down 1.11% from the daily opening price of $0.2257, leaving it close to the bottom of that session’s range. Cardano price daily chart — Oct. 17 | Source: TradingView The Bollinger Bands placed the 20-day simple moving average at $0.2441, the upper band at $0.2694, and the low...