Crypto
Cardano Price Slides as Bond Yields Reach New Heights
The Cardano price has retreated from its recent high of $0.20 as analyst Ali Charts warns of a potential slide to $0.170.
ADA is currently trading at $0.1863, down 0.32% on the day and below the 0.618 Fibonacci level at $0.1998.
The 30-year US bond yield has hit its highest level since the 2007 financial crisis, adding macro pressure to risk assets like crypto.
The analyst flagged three warning signals for ADA: a falling whale count, an MVRV death cross, and a Tom DeMark sell signal.