Cardano price increased by 7.67% over the past 24 hours.

Cardano price increased by 7.67% over the past 24 hours.

Performance after Friday 04-Nov
Period Pct Chg Momentum
Friday 8.24% 0.0321
Week to-date 5.97% 0.0242
November 5.99% 0.0243

ADA Analysis

Cardano (ADAUSDT) price for the week to-date gained 5.97% or 0.0242 higher to 0.42980. At time of writing into Saturday’s trading session, Cardano has increased by 7.67% over the past 24 hours. For the record, ADAUSDT is -86.09% below all-time high of 3.09000. On Friday, ADA rose 8.24% to 0.42160.

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 up by 5.99% or 0.0243 higher.

What can we expect from Cardano today?

Looking ahead for the day, immediate upside resistance level at 0.43590 (R1) while on the downside, we are looking at daily low of 0.38810 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 0.42630 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Cardano is rising and up by 5.97% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-10-30 was 12.01%.

Key levels to watch out:

R3 0.47410
R2 0.45020
R1 0.43590
Daily Pivot 0.41200
S1 0.39770
S2 0.37380
S3 0.35950

Last updated: 01:35 am UTC, 05-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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