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. Cardano (ADA) is trading around $0.1919 on Friday, October 30, as it tests a support level following a drop from its early-October highs near $0.28. The price sits just above $0.1898, a level that has shaped trading in June and August.

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