Cardano price falls below $0.23 as analyst maps a conditional 105% rise

Cardano price has fallen toward $0.228 as daily selling pressure tests its rising channel, while analyst Giannis Andreou sees a possible recovery if ADA holds the $0.22–$0.24 demand zone. Summary ADA traded near $0.228, with TradingView showing a 3.47% decline on the daily chart. Daily Chaikin Money Flow stood at −0.12 as price approached the rising channel’s lower boundary. Andreou identified $0.2910 as a breakout test after a recovery through $0.26–$0.28. CoinGlass showed prominent liquidation concentrations near $0.24, $0.247, and $0.26, above the market price. Cardano daily price chart showed it was trading at $0.2278 on Oct. 14, below the session’s opening price of $0.2360. The recorded high was $0.2391, while the low reached $0.2266, leaving ADA near the bottom of its daily range. The weekly chart showed a broader decline of 9.79%, with ADA at $0.2276 against an opening price of $0.2522. Its weekly high stood at $0.2561 and its low at $0.2242, placing the latest price just above that lower level. Cardano approaches the lower edge of its rising channel The TradingView daily chart places ADA inside an ascending channel drawn from its June and July lows. Cardano recovered from r...