Cardano: Price Analysis, October 22

ADA/USD

Both moving averages and the price of Cardano are bunched close to each other with hardly any movement in the past three days. The virtual currency is stuck in a large range of $0.060105–$0.094256.




ADA/USD

If the bulls push the price above the moving averages and $0.083, a rally to the overhead resistance of $0.094256 is probable.




On the downside, a break below $0.069 can sink the pair to the critical support of $0.060105. With the ADA/USD pair trading close to the midpoint of the range, we couldn’t find any reliable buy setups at the current levels.

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