Cardano

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The market is again mostly green, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-october-23" rel="noopener noreferrer nofollow">CoinStats</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1436.png" data-entity-uuid="10a473d5-b763-4c0d-9491-7b4c158d18bc" data-entity-type="file" data-caption="ADA chart by&amp;nbsp;<a href=&quot;https://coinstats.app/coins/&quot;>CoinStats</a>">
<h2 id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) has dropped by 3.87% since yesterday. <img src="https://u.today/sites/default/files/inline-images/ada1_129.png" data-entity-uuid="5f1106bf-a6bf-47e2-91ca-1299c120a056" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
On the hourly chart, the price of ADA is trading near its local support level of $0.3396. If nothing changes by the end of the day, there is a chance to see a further correction to the $0.3350 zone soon. <img src="https://u.today/sites/default/files/inline-images/ada2_125.png" data-entity-uuid="059975f2-0a52-4e2c-948d-10815ecd6265" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
On the daily time frame, the rate is falling after yesterday's bearish closure.
If the daily candle closes below $0.3423 and with no long wick, the drop may continue to the $0.33-$0.3350 range. <img src="https://u.today/sites/default/files/inline-images/ada3_113.png" data-entity-uuid="49c113ce-d4bf-4710-bd6a-d98a9828e292" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
Sellers are also more powerful than buyers on the weekly chart. If bulls cannot seize the initiative soon, one can expect a support breakout, followed by a decline to the $0.32 area.
ADA is trading at $0.3426 at press time. <a href="https://u.today/cardano-ada-price-prediction-for-october-24" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) Price Prediction for October 24

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