Cardano: Price Analysis, October 22


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.


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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