đ„đ„đ„ October Magic: Will Cardano and #Toncoin Repeat Past Performance?
Cardano ($ADA ) and Toncoin (TON) prices have plummeted recently, leaving traders wondering if they'll bounce back or continue to lose value. As October begins, market participants are watching closely to determine if these #Cryptocurrencies will follow past performance patterns or succumb to negative sentiment.
Cardano:
1. Price dropped 3.55% in the last 24 hours, trading at $0.3596.
2. Immediate resistance lies at $0.385, a level it failed to surpass during its previous rally.
3. A successful break above this level could signal a bullish reversal.
4. Support levels are at $0.358 and $0.355.
1. Price fell 7.60% in the last 24 hours, trading at $5.48.
2. Increased selling pressure reflected by a surge in trading volume.
3. Resistance lies at $5.81, which marks the previous high needed to return to a bullish trend.
4. Support levels are at $5.38 and $5.30.
Technical indicators suggest that both cryptocurrencies may be due for a rebound, depending on market conditions. The 1-day RSI for Cardano is neutral, while the 1-day #MACD for Toncoin is below the signal line, suggesting possible downward momentum.
Source - coinedition.com
