Cardano price increased by 1.07% over the past 24 hours.

ADAUSDT Chart by TradingView

Performance after Saturday 22-Oct
Period	Pct	Chg	Momentum
Saturday	0.60%	0.0021
Week to-date	-5.29%	-0.0196
October	-19.32%	-0.084

ADA Analysis

Cardano (ADAUSDT) price for the week to-date dropped -5.29% or -0.0196 lower to 0.35070. At time of writing into Sunday’s trading session, Cardano has increased by 1.07% over the past 24 hours. For the record, ADAUSDT is -88.65% below all-time high of 3.09000. On Saturday, ADA rose 0.60% to 0.35130.

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 -19.32% or -0.084 lower.

What can we expect from Cardano today?

Looking ahead for the day, immediate upside resistance level at 0.35613 (R1) while on the downside, we are looking at daily low of 0.34300 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 0.35440 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is falling as the pair posted lower, down by -5.29%. Prior performance for the week ending 2022-10-16 was -12.46%.

Key levels to watch out:

Last updated: 02:50 am UTC, 23-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.