Cardano price decreased by -0.05% over the past 24 hours.

Cardano price decreased by -0.05% over the past 24 hours.

Performance after Monday 17-Oct
Period Pct Chg Momentum
Monday 0.54% 0.002
Week to-date -0.49% -0.0018
October -15.23% -0.0662

ADA Analysis

Cardano (ADAUSDT) price for the week to-date dropped -0.49% or -0.0018 lower to 0.36850. At time of writing into Tuesday’s trading session, Cardano has decreased by -0.05% over the past 24 hours. For the record, ADAUSDT is -88.07% below all-time high of 3.09000. On Monday, ADA rose 0.54% to 0.37230.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is rising, our analysis is that the price action might be set for a rebound.

For the month-to-date, ADA is down by -15.23% or -0.0662 lower.

What can we expect from Cardano today?

Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 0.37580 or trades above daily pivot 0.37137. and daily low of 0.36600 and 0.36693 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A break above 0.37580 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is falling as the pair posted lower, down by -0.49%. Prior performance for the week ending 2022-10-16 was -12.46%.

Key levels to watch out:

R3 0.38653
R2 0.38117
R1 0.37673
Daily Pivot 0.37137
S1 0.36693
S2 0.36157
S3 0.35713

Last updated: 02:36 am UTC, 18-Oct 2022

About Cardano

Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.

Leave a Reply

Your email address will not be published. Required fields are marked *