|Performance after Sunday 06-Nov|
|Week ending 2022-11-06||-0.86%||-0.0035|
Cardano (ADAUSDT) price for the week ending 2022-11-06 dropped -0.86% or -0.0035 lower to 0.40890. At time of writing into Monday’s trading session, Cardano has decreased by -3.77% over the past 24 hours. For the record, ADAUSDT is -86.77% below all-time high of 3.09000. On Sunday, ADA dropped -5.70% to 0.40210.
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 up by 0.84% or 0.0034 higher.
What can we expect from Cardano today?
Looking ahead on Monday, immediate support level is at 0.39200 (S1) with break below could see further selling pressure towards 0.38190 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 0.43100 as an important indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. Cardano need to break on either side to indicate a short-term bias. A close below 0.40140 would indicate selling pressure.
For the week ending 2022-11-06, take note that Cardano is falling as the pair posted lower, down by -0.86%. Prior performance for the week ending 2022-10-30 was 12.01%.
Key levels to watch out:
Last updated: 01:50 am UTC, 07-Nov 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.