Cardano (ADA) led gains among major cryptocurrencies on October 9, climbing 6.38% to $0.250879. The surge followed a sharp decline the previous day, with the rebound reclaiming 23.6% of the lost ground. Ethereum (ETH) and XRP showed cautious recovery but faced resistance, while Hyperliquid (HYPE) and Uniswap (UNI) saw mixed movements.
Ethereum closed at $2,490.34, down 0.08% for the day. The price remained below its 50-day exponential moving average (EMA) at $2,501.13, signaling continued downward pressure. XRP edged up 0.55% to $1.40, but its Relative Strength Index (RSI) stayed below the neutral 50 mark, indicating weak momentum.
Hyperliquid ended the day unchanged at $83.86, with its Moving Average Convergence Divergence (MACD) showing further weakening. Uniswap rose 2.93% to $7.35 but remained below its lower Bollinger Band, suggesting persistent downside pressure.
Cardano's rebound toward the 50% Fibonacci retracement level at $0.252823 highlights a potential recovery, though caution remains as the broader market faces resistance.