Cardano (ADA) rebounded nearly 3% from its latest low but remained capped below the $0.22 resistance area on October 27. CoinMarketCap data showed ADA trading near $0.202, down about 1% over 24 hours, with an intraday range between roughly $0.202 and $0.208.
The bounce follows a decline from early October levels near $0.28, making the move a partial rebound rather than a confirmed reversal. Short-term resistance sits around $0.2085 to $0.2127, while $0.22 is the broader hurdle. On the downside, support near $0.20 remains the key level.
The next major catalyst is the Federal Reserve’s October 28 policy decision at 2 p.m. Eastern Time. While the announcement could influence broader risk appetite, it does not predetermine ADA’s direction. A reclaim of $0.22 or a loss of $0.20 support would give a clearer signal of short-term momentum.
