Analyst Giannis Andreou’s cup-and-handle reading of Cardano (ADA) hinges on a weekly close above $0.278 and a later retest; ADA was still below the mark on Oct. 17.
At 8:01 a.m. EDT, ChartExchange’s composite ADA/USD feed listed the token at $0.22267, down 3.976% over the previous 24 hours. The reading was an intraday snapshot, not a completed daily close.
Confirmation in Andreou’s view depends on ADA finishing a week above $0.278 and then passing a retest. He ties the chart’s rounded base to September’s rebound from the $0.14-$0.16 range.
Andreou treats the two lower markers differently. Losing rising support would erode the setup, while a move beneath its base would undermine it. These are conditions in his technical reading of ADA’s chart.
EconoTimes earlier covered ADA trading near $0.22 as Charles Hoskinson teased a Midnight concept; that report said Hoskinson had not specified its scope or timing.
