Cardano’s ADA Holds Near $0.25 as Recovery Case Stays Conditional
Photo: TokenPost
Cardano (ADA) traded near $0.25 on Oct. 12 after a 2.85% weekly decline, with technical analysis pointing to a conditional recovery setup and caution in spot and futures markets. ADA traded above its 200-day exponential moving average at $0.241, while the 50-day and 100-day averages stood at $0.230 and $0.219, respectively. Support was identified near $0.245, $0.236, $0.206 and $0.150, with resistance near $0.299. ADA’s Relative Strength Index was around 54, while its Moving Average Convergence Divergence indicator remained marginally below zero. The mixed readings suggest that momentum was not clearly established in either direction.
Source: TokenPost
