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. 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.