|Performance after Sunday 30-Oct|
|Week ending 2022-10-30||12.01%||0.0435|
Cardano (ADAUSDT) price for the week ending 2022-10-30 gained 12.01% or 0.0435 higher to 0.40170. At time of writing into Monday’s trading session, Cardano has decreased by -3.41% over the past 24 hours. For the record, ADAUSDT is -87.00% below all-time high of 3.09000. On Sunday, ADA dropped -3.43% to 0.40560.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.
For the month-to-date, ADA is down by -7.59% or -0.033 lower.
What can we expect from Cardano today?
Looking ahead on Monday, we are looking at 0.44000 or 0.41877 (R1) as important resistance levels and daily low of 0.39810 and 0.39527 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A close below 0.39810 would indicate selling pressure.
For the week ending 2022-10-30, take note that Cardano is rising and up by 12.01% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-10-23 was -2.21%.
Key levels to watch out:
Last updated: 01:36 am UTC, 31-Oct 2022
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.