Cardano price decreased by -4.66% over the past 24 hours.

Cardano price decreased by -4.66% over the past 24 hours.

Performance after Thursday 27-Oct
Period Pct Chg Momentum
Thursday -3.62% -0.0146
Week to-date 6.88% 0.0249
October -10.97% -0.0477

ADA Analysis

Cardano (ADAUSDT) price for the week to-date gained 6.88% or 0.0249 higher to 0.38700. At time of writing into Friday’s trading session, Cardano has decreased by -4.66% over the past 24 hours. For the record, ADAUSDT is -87.48% below all-time high of 3.09000. On Thursday, ADA dropped -3.62% to 0.38840.

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 -10.97% or -0.0477 lower.

What can we expect from Cardano today?

Looking ahead for the day, immediate support level is at 0.37653 (S1) with break below could see further selling pressure towards 0.36467 (S2). For potential buyers, as the current momentum is falling, we prefer to look at firm break of the recent daily high of 0.41940 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 0.38610 would indicate selling pressure.

For the week to-date, take note that Cardano is rising and up by 6.88% 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 0.44313
R2 0.43127
R1 0.40983
Daily Pivot 0.39797
S1 0.37653
S2 0.36467
S3 0.34323

Last updated: 02:50 am UTC, 28-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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