Cardano (ADA) Trades 1.8% Above the $0.2195 Support Level

Cardano (ADA) traded at $0.2234991 at 4:50 a.m. ET (08:50 UTC) Saturday, Oct. 17, down 3.55% over 24 hours and about 1.8% above the $0.2195 marker in an Oct. 15 technical scenario. In the scenario’s recovery case, ADA must remain above $0.2195 and finish a day over $0.2310 for $0.2563 to become a potential next level. On the downside, the setup places $0.1954 after a daily close under $0.2132. “Cardano (ADA) could extend toward $0.2310 and then $0.2563 if it holds above $0.2195,” Parshwa Turakhiya said. ADA’s reported 24-hour range was $0.2215517 to $0.2328031. The period high crossed $0.2310, but an intraday move above that mark does not establish a daily close there. A Friday technical update placed ADA near the lower boundary of the 20-day Bollinger Band, around $0.22.

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