Cardano ($ADA ) price analysis - Cointelegraph Analytics

Buyers finally pushed Cardano $0.3631 above the moving averages on Oct. 14, suggesting that the bears have given up.

There is minor resistance at $0.37, but that is likely to be crossed. The ADA/USDT pair could then rally to the overhead resistance of $0.40, where bears will try to halt the up move. If the price turns down sharply from $0.40 and breaks below the moving averages, it will signal that the range-bound action may continue for a few more days.

Conversely, if buyers drive the price above $0.40, it will signal the start of a new up move. The pair may rise to $0.45 and subsequently to $0.50.