On October 10, Cardano will be hosting another development update along with AMA. The ADA followers might not want to miss the same.
Cardano (ADA) Rebounds from Recent Lows
In the last five days, ADA coin was initially seen trading at $0.039664 on October 3 at 03:40 UTC. The price from then dropped by 5.32% to the lowest
touchpoint of $0.03755 on October 4. The value was then realized escalating by 7.22% on the same day at 16:45 UTC, seen trading at $0.040232.
Cardano price then dropped again by 5.13% on October 7 at 02:10 UTC, seen trading at $0.03816. The value from then is increased by 8.11% as of now, trading above the baseline.
As per the price movement of Cardano from the past 30 days, this is the actual time to enter the network to enjoy decent returns in the near future. Speaking of the short-term prognosis, the value might be trading a similar range. As per ADA prediction, the coin price might reach around the next resistance of $0.042 In the next 7 days or coming week. On the upside, Cardano may trade above its major resistance level $0.046. Inversely, if price of ADA coin falls, it is expected to reach its next support $0.039.
The resistance and support levels are calculated as below:
R1: $0.042837, R2: $0.044001 and R3: $0.046105
S1: $0.039569, S2: $0.037465 and S3: $0.036301
Read More: Will Cardano Continue to Move with Current Consistency?
