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For November, Cardano (ADA) price may trade within a range of $0.34 to $0.40. Currently priced at $0.3566 with an RSI of 53, ADA shows a moderate bullish trend but faces resistance around $0.38 to $0.40.
If the price skids below the moving averages, the bears will try to sink the pair below $0.33. If they do that, the pair may decline to $0.31, where the buyers are expected to mount a strong defense.
For November, Cardano (ADA) price may trade within a range of $0.34 to $0.40. Currently priced at $0.3566 with an RSI of 53, ADA shows a moderate bullish trend but faces resistance around $0.38 to $0.40.
If the price skids below the moving averages, the bears will try to sink the pair below $0.33. If they do that, the pair may decline to $0.31, where the buyers are expected to mount a strong defense.
The 9-day SMA near $0.3451 acts as support, reinforcing stability.
As of October 31, 2024, Cardano (ADA) is showing mixed signals in the ADA/USDT trading pair. Currently priced around $0.33, ADA is experiencing resistance just above $0.34, with support levels ranging between $0.32 and $0.335.
Technical indicators are showing mostly "buy" signals, particularly in moving averages, indicating a possible near-term upward trend.
However, the Relative Strength Index (RSI) is in a neutral zone, and the Stochastic RSI is overbought, suggesting caution for traders seeking immediate gains.
Key support levels could be crucial if the price dips, but if ADA holds steady above its 20-day moving average, it might retest recent highs.
