Cardano (ADA) Price: Can Bulls Defend $0.20 After the Rising Channel Break?

TLDR ADA trades near $0.208 after breaking below the rising channel in place since June. Daily RSI sits at 36.53 and MACD remains bearish, with $0.20 as first support. Cardano DEX volume fell about 28.6% over seven days to $6.76 million. Praos2, which combines Praos with the Leios overlay, was merged into the main development branch. Analyst Ali Charts says ADA could fall about 20% toward $0.166 if $0.220 holds as resistance. Cardano (ADA) is trading around $0.208 on the Oct. 24 Coinbase daily chart.