Cardano price increased by 2.11% over the past 24 hours.

Cardano price increased by 2.11% over the past 24 hours.

Performance after Thursday 13-Oct
Period Pct Chg Momentum
Thursday -1.21% -0.0046
Week to-date -8.61% -0.0364
October -11.07% -0.0481

ADA Analysis

Cardano (ADAUSDT) price for the week to-date dropped -8.61% or -0.0364 lower to 0.38660. At time of writing into Friday’s trading session, Cardano has increased by 2.11% over the past 24 hours. For the record, ADAUSDT is -87.49% below all-time high of 3.09000. On Thursday, ADA dropped -1.21% to 0.37680.

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 -11.07% or -0.0481 lower.

What can we expect from Cardano today?

Looking ahead for the day, we are looking at 0.39540 or 0.38980 (R1) as important resistance levels and daily low of 0.34900 and 0.35640 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A close below 0.34900 would indicate selling pressure.

For the week to-date, take note that Cardano is falling as the pair posted lower, down by -8.61%. Prior performance for the week ending 2022-10-09 was 0.86%.

Key levels to watch out:

R3 0.42320
R2 0.40280
R1 0.38980
Daily Pivot 0.36940
S1 0.35640
S2 0.33600
S3 0.32300

Last updated: 02:51 am UTC, 14-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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