Cardano’s ADA Falls Below $0.194 Retracement Level As RSI Nears Oversold

Cardano (ADA) traded at $0.1935 at 9:35 p.m. ET Sunday, Nov. 1 (02:35 UTC Nov. 2), below the $0.1941 level marking a 61.8% retracement of its advance from a June low of $0.1396 to an October high of $0.2824.

The daily chart’s next retracement marker is $0.1702, corresponding to 78.6% of the move. A lower level at $0.1559 marks the ascending channel’s late-July base. ADA’s 50-day exponential moving average stood at $0.2189, while its 200-day average was $0.2358; both were above the quoted price.

The 14-day relative strength index (RSI) was 32.46, close to but still above the 30 level used to mark oversold conditions. The quote was also below the $0.224-$0.240 support band identified in earlier coverage on Oct. 12.