Cardano price increased by 4.13% over the past 24 hours.

Cardano price increased by 4.13% over the past 24 hours.

Performance after Friday 28-Oct
Period Pct Chg Momentum
Friday 4.12% 0.016
Week to-date 11.30% 0.0409
October -7.29% -0.0317

ADA Analysis

Cardano (ADAUSDT) price for the week to-date gained 11.30% or 0.0409 higher to 0.40300. At time of writing into Saturday’s trading session, Cardano has increased by 4.13% over the past 24 hours. For the record, ADAUSDT is -86.96% below all-time high of 3.09000. On Friday, ADA rose 4.12% to 0.40440.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.

For the month-to-date, ADA is down by -7.29% or -0.0317 lower.

What can we expect from Cardano today?

Looking ahead for the day, we are looking at 0.41940 or 0.41803 (R1) as important resistance levels and daily low of 0.37770 and 0.38423 (S1) as key support levels. Cardano need to break on either side to indicate a short-term bias. A break above 0.41150 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is rising and up by 11.30% 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 0.45183
R2 0.43167
R1 0.41803
Daily Pivot 0.39787
S1 0.38423
S2 0.36407
S3 0.35043

Last updated: 02:50 am UTC, 29-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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