Add as a preferred source on GoogleCardano (ADA) Falls Below $0.22 With 100-Day EMA in Focus
Chart levels put nearby support around $0.21 and an initial recovery marker at $0.228 to $0.230. A move toward $0.17 depends on selling continuing through the nearer support.
Cardano (ADA) fell below $0.22 Thursday near its 100-day exponential moving average, remaining under its 50-day and 200-day averages while bringing the $0.21 support area into focus.
An attempt to move above the 50-day EMA did not hold. Chart levels put nearby support around $0.21; a move toward $0.17 would depend on selling continuing through that level. A sustained move above $0.228 to $0.230 would mark an initial recovery signal.
An earlier Cardano price update recorded ADA at $0.21506 at 10:56 a.m. ET (14:56 UTC) on Oct. 22. The 50-day EMA was near $0.228 in Wednesday’s update, close to the current recovery range. These chart levels describe possible support and resistance, not guaranteed outcomes.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.