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Cardano (ADA) drops 12.3% to $0.22, closing below key moving averages on Oct 18.

Technical Signals
19 Oct 2026
Tokenpost
View Source
Bearish
Cardano (ADA) drops 12.3% to $0.22, closing below key moving averages on Oct 18.

Cardano (ADA) closed at $0.220985 on October 18, down 12.3% from its October 11 close of $0.252036. The price fell below its 50-day and 200-day exponential moving averages, signaling potential bearish momentum. Futures open interest stood at $460.66 million, but this does not clarify whether retail or institutional traders are exiting. Key support levels to watch include $0.1894, which is 14.3% below the current close, indicating possible further downside if breached.

Cardano trades at Rp3,975 on Pluang as of Oct 19, 2026 14:01 WIB, showing a modest 0.94% gain in the past day despite the recent weekly decline noted in the article. The platform reports a market cap of Rp146.62 trillion and active order activity nearly balanced between 52% sell and 48% buy. This steady trading activity contrasts with the article's mention of a 12.3% weekly drop and highlights ongoing investor engagement with ADA on Pluang.

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