Cardano Trades Below $0.22 After Failing to Close Above Its 50-Day EMA
Photo: TokenPost
Cardano (ADA) traded at $0.21506 late Thursday morning, below the $0.220 support area, after it failed to close above its 50-day exponential moving average a day earlier. At 10:56 a.m. ET (14:56 UTC) on Oct. 22, ADA was below the $0.220 area. The 50-day EMA was near $0.228 on Wednesday. Chart levels placed the next support near $0.210, with deeper support near $0.170. Resistance sat near $0.236 and $0.240, with further markers around $0.250 and $0.300. The Relative Strength Index was in the low 40s, and the Moving Average Convergence Divergence indicator was negative.
Source: TokenPost
