Cardano price increased by 10.34% over the past 24 hours.

Cardano price increased by 10.34% over the past 24 hours.

Performance after Tuesday 25-Oct
Period Pct Chg Momentum
Tuesday 11.95% 0.0427
Week to-date 9.67% 0.035
October -8.65% -0.0376

ADA Analysis

Cardano (ADAUSDT) price for the week to-date gained 9.67% or 0.035 higher to 0.39710. At time of writing into Wednesday’s trading session, Cardano has increased by 10.34% over the past 24 hours. For the record, ADAUSDT is -87.15% below all-time high of 3.09000. On Tuesday, ADA rose 11.95% to 0.40000.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising, our analysis is that there is bullish momentum and price could continue to go higher.

For the month-to-date, ADA is down by -8.65% or -0.0376 lower.

What can we expect from Cardano today?

Looking ahead for the day, immediate upside resistance level at 0.42590 (R1) while on the downside, we are looking at daily low of 0.35690 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 0.41730 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is rising and up by 9.67% 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 0.48630
R2 0.45180
R1 0.42590
Daily Pivot 0.39140
S1 0.36550
S2 0.33100
S3 0.30510

Last updated: 02:22 am UTC, 26-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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