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Cardano warned of drop to $0.12 as four headwinds cap rebound

Cardano (ADA) could slide into the $0.12 range as four technical bearish signals persist, a forecast said. Crypto trader Crypto Ties cited continued selling pressure and set a downside target of $0.1204, with ADA at $0.2080 at the time, below the 200-day exponential moving average of $0.2385. He also pointed to a possible Wyckoff distribution phase and weakening volume dynamics, while noting an uptrend line could still provide support.