Cardano (ADA) Price: Tests Support After Channel Breakdown as Binance Hack Hits Market

TLDR Cardano (ADA) trades near $0.1919 on Friday, October 30, just above support at $0.1898. ADA fell below its multi-month rising channel near $0.22 after failing at $0.27–$0.28 in early October. Binance reported an estimated $6.3 billion impact from a security breach, weighing on market sentiment. Cardano’s DeFi total value locked sits near $57.86 million, down 1.13%, with DEX volume lower over seven days. RSI is at 31.10 and MACD remains negative, while analyst Jesse Olson says ADA hit all four of his downside targets.