Cardano Undergoes Network Development

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Cardano has been riding the bearish trend. In the crypto market, there has been a lot of selling pressure. Cardano’s network development is currently ongoing, and there are signs of a positive trend on the blockchain network.

The development of the network is expected to make transactions faster, thus encouraging more investors. However, bear strength remains strong, and there is still reason to be optimistic about the digital space.

Key Cardano Levels To Watch-October 15

The token’s price has settled lower to the $0.3610 key zone. This indicates a bearish trend in the market.

Cardano Undergoes Network Development
ADAUSD-Daily Chart on Binance. Source: Tradingview.

Buyers are currently preparing for a pullback as the Stochastic Oscillator reads the price as oversold, indicating that sellers are exhausted. However, the Parabolic SAR (Stop and Reversal) indicator indicates that bearish activity is still present in the market.
 
The market is expected to gather bullish momentum at the $0.3610 key zone to push up to $0.408. 

Cardano Key Levels

Resistance Levels: $0.7670, $0.5660
Support Levels:$0.4080, $0.3610 
 
Total Market Capitalization 
Cardano market Capitalization: $12B
Cardano Volume: $3.7B
Market Ranks: #8

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.