Cardano price increased by 1.51% over the past 24 hours.

ADAUSDT Chart by TradingView

Performance after Saturday 15-Oct
Period	Pct	Chg	Momentum
Saturday	-0.71%	-0.0026
Week to-date	-12.70%	-0.0537
October	-15.04%	-0.0654

ADA Analysis

Cardano (ADAUSDT) price for the week to-date dropped -12.70% or -0.0537 lower to 0.36930. At time of writing into Sunday’s trading session, Cardano has increased by 1.51% over the past 24 hours. For the record, ADAUSDT is -88.05% below all-time high of 3.09000. On Saturday, ADA dropped -0.71% to 0.36410.

On the daily timeframe, price is below 55-Day EMA and Stochastic oscillator is falling but in oversold zone, our analysis is that there could be selling pressure as the outlook looks bearish.

For the month-to-date, ADA is down by -15.04% or -0.0654 lower.

What can we expect from Cardano today?

Looking ahead for the day, we are looking at 0.38900 or 0.36900 (R1) as important resistance levels and daily low of 0.36120 and 0.36020 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A close below 0.36120 would indicate selling pressure.

For the week to-date, take note that Cardano is falling as the pair posted lower, down by -12.70%. Prior performance for the week ending 2022-10-09 was 0.86%.

Key levels to watch out:

Last updated: 09:44 am UTC, 16-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.