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Cardano (ADA) price dips below key retracement level, nearing oversold territory.

Technical Signals
02 Nov 2026, 04:52 WIB
Tokenpost
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Bearish
Cardano (ADA) price dips below key retracement level, nearing oversold territory.

Cardano (ADA) traded at $0.1935, slipping below the 61.8% retracement level of its recent rise from $0.1396 in June to $0.2824 in October. The price is approaching the next retracement level at $0.1702 and remains below its 50-day and 200-day moving averages, signaling potential continued weakness. The 14-day RSI is near oversold levels at 32.46, indicating that ADA might be close to a price bottom. Investors should watch for support around $0.1702 and $0.1559 as potential reversal points.

While Cardano’s ADA price hovers near $0.1935 and approaches key retracement levels, on Pluang ADA trades at Rp3.497 as of Nov 02, 2026 10:01 WIB, showing a modest 0.37% gain over the last day. This contrasts with the article's focus on potential weakness, as Pluang data reveals a slightly positive daily change and a balanced market interest with 58% buy orders. The circulating supply on Pluang is 36.8 billion ADA, representing 82% of the total 45 billion supply, indicating a substantial portion is actively traded.

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