# Cardano (ADA) Trades 1.8% Above the $0.2195 Support Level By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/33993 Published: 2026-10-17T12:22:22.000Z Updated: 2026-10-17T12:22:22.000Z Section: Investing > A recovery scenario requires ADA to hold $0.2195 and finish a day above $0.2310 before $0.2563 becomes a potential next level. Cardano (ADA) traded at $0.2234991 at 4:50 a.m. ET (08:50 UTC) Saturday, Oct. 17, down 3.55% over 24 hours and about 1.8% above the $0.2195 marker in an Oct. 15 technical scenario. In the scenario’s recovery case, ADA must remain above $0.2195 and finish a day over $0.2310 for $0.2563 to become a potential next level. On the downside, the setup places $0.1954 after a daily close under $0.2132. “Cardano (ADA) could extend toward $0.2310 and then $0.2563 if it holds above $0.2195,” Parshwa Turakhiya said. ADA’s reported 24-hour range was $0.2215517 to $0.2328031. The period high crossed $0.2310, but an intraday move above that mark does not establish a daily close there. A Friday [technical update]() placed ADA near the lower boundary of the 20-day Bollinger Band, around $0.22. The Oct. 15 scenario uses separate daily closing levels for its recovery and downside cases. ## Links in this article - [technical update](https://www.tokenpost.com/news/investing/33323)