Cardano price increased by 0.63% over the past 24 hours.

Cardano price increased by 0.63% over the past 24 hours.

Performance after Sunday 16-Oct
Period Pct Chg Momentum
Sunday 1.70% 0.0062
Week ending 2022-10-16 -12.46% -0.0527
October -15.32% -0.0666

ADA Analysis

Cardano (ADAUSDT) price for the week ending 2022-10-16 dropped -12.46% or -0.0527 lower to 0.36810. At time of writing into Monday’s trading session, Cardano has increased by 0.63% over the past 24 hours. For the record, ADAUSDT is -88.09% below all-time high of 3.09000. On Sunday, ADA rose 1.70% to 0.37030.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling, our analysis is that there could be selling pressure as the outlook looks bearish.

For the month-to-date, ADA is down by -15.32% or -0.0666 lower.

What can we expect from Cardano today?

Looking ahead on Monday, immediate upside resistance level at 0.37553 (R1) while on the downside, we are looking at daily low of 0.36380 as an important support. Break below this level could weaken the current bullish momentum.
Cardano need to break on either side to indicate a short-term bias. A break above 0.37490 would suggest bullish bias after recent positive movement.

For the week ending 2022-10-16, take note that Cardano is falling as the pair posted lower, down by -12.46%. Prior performance for the week ending 2022-10-09 was 0.86%.

Key levels to watch out:

R3 0.38663
R2 0.38077
R1 0.37553
Daily Pivot 0.36967
S1 0.36443
S2 0.35857
S3 0.35333

Last updated: 02:50 am UTC, 17-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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