# Cardano Slips Below $0.24 as $0.2238-$0.2276 Zone Comes Into Focus By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/29118 Published: 2026-10-09T15:47:04.000Z Updated: 2026-10-09T15:47:04.000Z Section: Investing > ADA’s daily momentum weakened after an early-October rally reversed, while the token remained above its $0.2238 weekly low. Cardano (ADA) traded below $0.24 on Oct. 9 after an early-October rally reversed, with weakening daily momentum putting the $0.2238-$0.2276 area at the center of the token’s near-term chart. ADA traded at $0.2359 after moving between $0.2313 and $0.2415 during the session. The token was 16.5% below its weekly high of $0.2824 but remained above the week’s low of $0.2238. Daily relative strength index stood at 48.06, below the neutral 50 level and its moving average of 59.88. ADA also traded below the daily Bollinger Band midpoint at $0.2483, while the lower band stood at $0.2276. A break below the lower band and weekly low would bring the lower boundary of an ascending channel near $0.21 into focus. A rejection at the top of the ascending channel could send ADA toward its lower boundary near $0.21 if the rejection holds. The $0.21 level is a conditional chart projection rather than confirmed support. A decline from $0.2359 to $0.21 would equal about 11%. The token’s key recovery references are $0.24, the $0.2483 Bollinger midpoint and the $0.256 area. The $0.2700-$0.2824 range contains the upper Bollinger Band and the recent weekly high, while the weekly Supertrend level stood at $0.2762. The broader technical picture remains mixed. Weekly Awesome Oscillator momentum was positive at 0.0120, even as ADA traded below the weekly Supertrend level. Estimated liquidation concentrations were clustered around $0.23-$0.24, $0.215-$0.22, $0.257-$0.26 and $0.28. These areas indicate potential forced-liquidation zones, not confirmed order-book levels. For U.S. investors using exchange-traded products, the Cardano ETF obtains ADA-linked exposure through ADA futures and collateral investments rather than directly holding ADA. The immediate chart test is whether ADA can hold the $0.2238-$0.2276 area. Losing that zone would make the conditional $0.21 channel boundary the next major technical reference. The move continues the pattern described in [earlier coverage of ADA’s $0.24 midpoint and $0.21 channel boundary](). ## Links in this article - [earlier coverage of ADA’s $0.24 midpoint and $0.21 channel boundary](https://www.tokenpost.com/news/investing/26028)