A chart attributed to trader and analyst Zen Trades places Cardano (ADA) below both listed exponential moving averages (EMAs) and marks $0.20 and $0.1894 as separate support levels in its technical setup.
The 200-day exponential moving average is at $0.2434, above the 50-day EMA at $0.2240. ADA is also beneath an upward-sloping line drawn near $0.2398. The chart shows $0.1533 as another level, without labeling it support.
The relative strength index (RSI) reads about 35, above the 30 mark commonly used to indicate oversold conditions. The moving average convergence-divergence (MACD) reading is below zero.
An earlier EconoTimes report on Brian McColl's Oct. 19 chart analysis described $0.1894 as possible support in a bearish case.