Cardano's price fell below $0.24 after reversing its early October rally, dropping about 9.2% from its weekly opening price. Analysts highlight a possible downside target near $0.21 due to a rejection at an ascending channel's upper boundary and weakening daily momentum signals. The price remains above June lows but faces resistance near $0.2762, with recovery attempts needing to surpass $0.24 and $0.2483 to regain strength. The technical outlook suggests potential further declines before any sustained rebound.
While Cardano's price struggles below $0.24 in the broader market, on Pluang it trades at Rp4.240 with a 1-day gain of 1.41% as of Oct 09, 2026 22:51 WIB. This contrasts with the 9.2% weekly drop noted in the article, showing some resilience on the platform. Cardano's market cap on Pluang stands at Rp155.92 trillion, with active trading reflected in a 24-hour volume of Rp13.67 trillion and a nearly balanced order activity of 53% sell to 47% buy.
Cardano's ADA token increased by 3.06% within an hour to reach $0.2525 on Binance, marking an 8% gain over the past 24 hours. This price movement was accompanied by $290,000 in short liquidations across Binance, Bybit, and OKX, while no long position...
Cardano's ADA is showing signs of a potential major comeback, with analysts suggesting it could rally more than 1,000% from current levels to its historic high of $3.10. This optimistic outlook is based on ADA's history of long consolidation phases b...
Cardano (ADA) traded below $0.24 on October 9 after an early rally reversed, with the $0.2238-$0.2276 support zone now critical for near-term price action. ADA moved between $0.2313 and $0.2415 during the session but closed at $0.2359, down from a we...
Cardano's latest upgrade, CIP-0113, went live, boosting daily active addresses by about 70% compared to September averages. This upgrade introduced a new programmable token standard, with the Cardano Foundation tokenizing shares of its digital identi...
Cardano's ADA token fell 14% from October 6, with futures showing increased bearish sentiment around the launch of the CIP-0113 programmable-token standard on October 7. The funding rate hit its lowest since June, indicating more short positions than...
