|Performance after Sunday 23-Oct|
|Week ending 2022-10-23||-2.21%||-0.0082|
Cardano (ADAUSDT) price for the week ending 2022-10-23 dropped -2.21% or -0.0082 lower to 0.35880. At time of writing into Monday’s trading session, Cardano has increased by 2.31% over the past 24 hours. For the record, ADAUSDT is -88.39% below all-time high of 3.09000. On Sunday, ADA rose 3.07% to 0.36210.
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 -17.46% or -0.0759 lower.
What can we expect from Cardano today?
Looking ahead on Monday, immediate upside resistance level at 0.36860 (R1) while on the downside, we are looking at daily low of 0.34600 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 0.36380 would suggest bullish bias after recent positive movement.
For the week ending 2022-10-23, take note that Cardano is falling as the pair posted lower, down by -2.21%. Prior performance for the week ending 2022-10-16 was -12.46%.
Key levels to watch out:
Last updated: 02:50 am UTC, 24-Oct 2022
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.