How Low Cardano Could Drop as ADA Falls Below $0.20

Analyst KhaldHegazy expects Cardano to extend its prolonged decline, potentially falling to $0.092 before reaching a deeper low of $0.0715. The analyst initially outlined the bearish forecast in mid-October and reaffirmed it in the early hours of October 30. He maintains that Cardano’s projected downside remains in play, particularly after the token fell below $0.20 to $0.1936. According to KhaldHegazy’s weekly chart, ADA has followed a prolonged downward structure since its late-2024 decline. His wave-count analysis suggests that the token has completed the penultimate wave, labeled XX, and is now approaching the final bearish wave. The chart also highlights a shaded resistance zone between $0.24 and $0.30, which represents a significant price area.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Crypto Basic.