Cardano price increased by 2.31% over the past 24 hours.

Cardano price increased by 2.31% over the past 24 hours.

Performance after Sunday 23-Oct
Period Pct Chg Momentum
Sunday 3.07% 0.0108
Week ending 2022-10-23 -2.21% -0.0082
October -17.46% -0.0759

ADA Analysis

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:

R3 0.38640
R2 0.37510
R1 0.36860
Daily Pivot 0.35730
S1 0.35080
S2 0.33950
S3 0.33300

Last updated: 02:50 am UTC, 24-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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