Cardano Price Drops Below $0.20 Amid Rising Bond Yields and Warning Signals

The price of Cardano (ADA) has retreated from $0.20 as it slips below the 0.618 Fibonacci at $0.1998, with the next support level at $0.1880.

Analyst Ali Charts flagged three warning signals for ADA: a falling whale count, an MVRV death cross, and a Tom DeMark sell signal, pointing to a possible decline towards $0.170.

The 30-year US bond yield has hit 5.28%, its highest since the 2007 financial crisis, adding macro pressure on risk assets including crypto.