Cardano price increased by 2.37% over the past 24 hours.

Cardano price increased by 2.37% over the past 24 hours.

Performance after Thursday 03-Nov
Period Pct Chg Momentum
Thursday 1.01% 0.0039
Week to-date -1.11% -0.0045
November -1.09% -0.0044

ADA Analysis

Cardano (ADAUSDT) price for the week to-date dropped -1.11% or -0.0045 lower to 0.40110. At time of writing into Friday’s trading session, Cardano has increased by 2.37% over the past 24 hours. For the record, ADAUSDT is -87.02% below all-time high of 3.09000. On Thursday, ADA rose 1.01% to 0.38950.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling, our analysis is that there could be selling pressure as the outlook looks bearish.

For the month-to-date, ADA is down by -1.09% or -0.0044 lower.

What can we expect from Cardano today?

Looking ahead for the day, we are looking at 0.40930 or 0.39773 (R1) as important resistance levels and daily low of 0.38420 and 0.38273 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A break above 0.39920 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is falling as the pair posted lower, down by -1.11%. Prior performance for the week ending 2022-10-30 was 12.01%.

Key levels to watch out:

R3 0.41273
R2 0.40597
R1 0.39773
Daily Pivot 0.39097
S1 0.38273
S2 0.37597
S3 0.36773

Last updated: 01:50 am UTC, 04-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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