Add as a preferred source on GoogleCardano Trades Below $0.22 After Failing to Close Above Its 50-Day EMA
ADA was $0.21506 at 10:56 a.m. ET Thursday, while its Relative Strength Index remained in the low 40s and its MACD was negative.
Cardano (ADA) traded at $0.21506 late Thursday morning, below the $0.220 support area, after it failed to close above its 50-day exponential moving average a day earlier.
At 10:56 a.m. ET (14:56 UTC) on Oct. 22, ADA was below the $0.220 area. The 50-day EMA was near $0.228 on Wednesday.
Chart levels placed the next support near $0.210, with deeper support near $0.170. Resistance sat near $0.236 and $0.240, with further markers around $0.250 and $0.300.
The Relative Strength Index was in the low 40s, and the Moving Average Convergence Divergence indicator was negative. ADA was also below $0.22 on Oct. 20, trading at $0.2168689 at 8:39 a.m. ET (12:39 UTC); an earlier ADA price update covered that session.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.