Cardano faces resistance at $0.385, needing a break to signal bullish momentum.
Toncoin’s surge in volume indicates selling pressure, with key support at $5.38.
Both ADA and TON show neutral RSI levels, hinting at potential market reversals.
Cardano (ADA) and Toncoin (TON) prices plummeted recently, leaving traders and investors wondering if a reversal is on the horizon or if further losses are likely. As October begins, market participants are watching closely to see if these digital assets will repeat past performance or succumb to the prevailing negative market sentiment.
A look at key technical indicators, including support and resistance levels, shows some potential inflection points for these cryptocurrencies. While both tokens face short-term pressure, signs suggest a rebound may be possible, depending on market conditions in the coming days.
Cardano Struggles to Maintain Support
Cardano’s price has seen a significant drop, currently trading at $0.3682 after a 3.55% fall over the last 24 hours. The digital asset fell from the $0.385 range to its current level.
With a 24-hour trading volume of $256.6 million, liquidity is moderate but follows a…
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