Cardano price slips as analyst flags two more downside targets

Cardano price has slipped below $0.25 as daily momentum weakens, putting the $0.224–$0.240 support zone at the center of its recovery outlook. Cardano price traded near $0.2434, with its daily price change showing a 3.53% decline. Daily MACD turned negative on the histogram as the indicator slipped below its signal line. Analyst Jesse Olson flagged bearish divergence, while another analysis identified support at $0.224–$0.240. CoinGlass showed prominent overhead liquidation concentrations around $0.258–$0.262, above ADA’s latest trading price. TradingView’s Binance ADA/USDT daily chart placed Cardano at approximately $0.2434 on Oct.