Cardano price decreased by -3.41% over the past 24 hours.

Cardano price decreased by -3.41% over the past 24 hours.

Performance after Sunday 30-Oct
Period Pct Chg Momentum
Sunday -3.43% -0.0144
Week ending 2022-10-30 12.01% 0.0435
October -7.59% -0.033

ADA Analysis

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:

R3 0.44227
R2 0.43193
R1 0.41877
Daily Pivot 0.40843
S1 0.39527
S2 0.38493
S3 0.37177

Last updated: 01:36 am UTC, 31-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.

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