CandleFocus Cardano (ADA) Price Prediction for October 18
2024-10-18
Author: Content Editor
The price of Cardano (ADA) has increased by almost 1% over the last 24 hours, despite bears' pressure. On the hourly chart, ADA is trading in a local channel between the support level of $0.3426 and the resistance level of $0.35. With no dominant side and falling volume, sideways trading around current prices is expected until tomorrow. On the daily time frame, ADA is near the support level of $0.3355, and if it breaks out, a drop to the $0.32-$0.33 range is possible. There are no reversal signals yet from a midterm perspective, and if buyers do not seize the initiative soon, a decline to the vital zone of $0.30 is likely by the end of the month. ADA is currently trading at $0.3462.
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