Cardano price increased by 1.62% over the past 24 hours.

Cardano price increased by 1.62% over the past 24 hours.

Performance after Monday 31-Oct
Period Pct Chg Momentum
Monday -0.02% -0.0001
Week to-date 0.49% 0.002
October -6.72% -0.0292

ADA Analysis

Cardano (ADAUSDT) price for the week to-date gained 0.49% or 0.002 higher to 0.40760. At time of writing into Tuesday’s trading session, Cardano has increased by 1.62% over the past 24 hours. For the record, ADAUSDT is -86.81% below all-time high of 3.09000. On Monday, ADA dropped -0.02% to 0.40550.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.

End of October, ADA is down by -6.72% or -0.0292 lower.

What can we expect from Cardano today?

Looking ahead for the day, we are looking at 0.42160 or 0.41537 (R1) as important resistance levels and daily low of 0.39750 and 0.39657 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A close below 0.39750 would indicate selling pressure.

For the week to-date, take note that Cardano is rising and up by 0.49% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-10-30 was 12.01%.

Key levels to watch out:

R3 0.43417
R2 0.42523
R1 0.41537
Daily Pivot 0.40643
S1 0.39657
S2 0.38763
S3 0.37777

Last updated: 01:50 am UTC, 01-Nov 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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