Cardano (ADA) is trading in the red, currently below $0.82 at the time of writing on Wednesday, following a nearly 6% correction on the previous day.
Cardano (ADA) remains on the edge, pulling back 1% at press time on Tuesday after gaining over 4% the previous day. The rising retail demand and declining selling pressure signals from the on-chain data align with the broader market optimism around the “Uptober” narrative.
Cardano (ADA) trades above $0.8000 at the time of writing on Wednesday, facing opposition from the 100-day Exponential Moving Average (EMA). The altcoin remains steady as a result of its partnership with Google Cloud, which aims to enhance a privacy-first and zero-knowledge digital system.