Cardano price increased by 3.05% over the past 24 hours.

Cardano price increased by 3.05% over the past 24 hours.

Performance after Saturday 29-Oct
Period Pct Chg Momentum
Saturday 3.86% 0.0156
Week to-date 14.69% 0.0532
October -4.46% -0.0194

ADA Analysis

Cardano (ADAUSDT) price for the week to-date gained 14.69% or 0.0532 higher to 0.41530. At time of writing into Sunday’s trading session, Cardano has increased by 3.05% over the past 24 hours. For the record, ADAUSDT is -86.56% below all-time high of 3.09000. On Saturday, ADA rose 3.86% to 0.42000.

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

For the month-to-date, ADA is down by -4.46% or -0.0194 lower.

What can we expect from Cardano today?

Looking ahead for the day, immediate upside resistance level at 0.43973 (R1) while on the downside, we are looking at daily low of 0.40080 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 0.44000 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is rising and up by 14.69% 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 0.47893
R2 0.45947
R1 0.43973
Daily Pivot 0.42027
S1 0.40053
S2 0.38107
S3 0.36133

Last updated: 01:50 am UTC, 30-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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