|Performance after Friday 14-Oct|
Cardano (ADAUSDT) price for the week to-date dropped -13.24% or -0.056 lower to 0.36700. At time of writing into Saturday’s trading session, Cardano has decreased by -4.10% over the past 24 hours. For the record, ADAUSDT is -88.12% below all-time high of 3.09000. On Friday, ADA dropped -2.68% to 0.36670.
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 -15.57% or -0.0677 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 0.38900 or trades above daily pivot 0.37210. and daily low of 0.36060 and 0.35520 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A close below 0.36060 would indicate selling pressure.
For the week to-date, take note that Cardano is falling as the pair posted lower, down by -13.24%. Prior performance for the week ending 2022-10-09 was 0.86%.
Key levels to watch out:
Last updated: 02:22 am UTC, 15-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.