Cardano Price Prediction: Traders Await Key Breakout After $1.34M Net Outflows

• Cardano price today trades at $0.63, supported by $0.60 while resistance builds at $0.70–$0.77.
• Coinglass data shows $1.34M ADA net outflows on Oct. 23, reflecting cautious market sentiment.
• Cardano Foundation confirms plans for .ada and .cardano domains, boosting ecosystem visibility.

Cardano price today trades around $0.63, holding slightly above a key ascending trendline that has supported its structure since late 2024. Despite sustained selling pressure and weak inflows, the coin remains within a broader symmetrical triangle that continues to compress between resistance near $0.77 and long-term support at $0.60.

Buyers Defend Key Support As Triangle Narrows

The daily chart shows Cardano price action respecting the lower boundary of its multi-month ascending support, even after repeated rejections from the upper tre…

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