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Cardano (ADA) price falls below $0.20, lowest since Sept 17, amid market depth and Fed rate pause impact

29 Oct 2026, 12:44 WIB
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Bearish
Cardano (ADA) price falls below $0.20, lowest since Sept 17, amid market depth and Fed rate pause impact

Cardano's price dropped to $0.1979 on October 29, 2026, marking its lowest level since September 17 and falling below the key $0.20 threshold. This decline of 4.53% in a day and nearly 10% over a week is largely due to lower market depth and the US Federal Reserve's decision not to cut interest rates, rather than any negative news about Cardano itself. The price now sits below its 200-day moving average, signaling potential further downside risk, with the next support around $0.1567. Despite the price drop, staking rewards and tax liabilities remain based on the value at the time of receipt, unaffected by current price movements.

Cardano's recent price dip below $0.20 is mirrored on Pluang, where ADA trades at Rp3.642 as of October 29, 2026, 17:02 WIB. The token shows a 3.68% decline over one day, with a market cap of Rp132.35 trillion and 24-hour trading volume reaching Rp6.63 trillion. On Pluang, selling activity dominates at 72%, and the typical holding period is 127 days, reflecting cautious investor behavior amid the price drop.

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