Can October become bullish for ADA? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
The rate of Cardano has almost not changed since yesterday as the price has only risen by 0.07%.
On the hourly chart, the rate of Cardano has declined after the false breakout of the local resistance level at On the daily time frame, the situation is also bearish as the rate has returned to the recently tested support level at $0.4258. If the candle closes near it, there is a possibility to see a further downward move to the $0.40 zone.
The weekly chart confirms ongoing bears' pressure after the false breakout of the $0.50 zone. Closure near the $0.3974 mark might generate a sharp price decline to the next zone around $0.30-$0.35.
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