Price Analysis

ADA Price Keeps a Tight Hold on Uptrend; ADA Traders Would Experience a Mixed Day Ahead

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  • Cardano (ADA) escalation gives hope to the intraday traders.
  • The coin might breach 7-day high today.

The market seems to give much-awaited result to the traders today. The crypto market started with dream digits and took the price up for many coins in the market. Cardano (ADA) has been experiencing a mixed week. During the last seven days, there were some great days of profit and some losses too.

Today, the intraday traders can expect profit from Cardano. However, there is also a high possibility for ADA to experiencing selling pressure. Let’s read the chart to understand the momentum of ADA more precisely.

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ADA/USD Intraday Price Chart:

The data feed is taken from Bitfinex on 15th September 2019 at 04:06:41 UTC for price analysis.

ADA Price chart

Yesterday, the coin started at $0.0457. Cardano (ADA) fell to 0.0450 from the opening price with a loss of 1.60%. Immediately after falling, the price touched $0.046 with a progression of 4.20%. The day ended at $0.046, with an intraday profit of 1.59%. Today, the day is dealing moderately around $0.46.

Cardano Price Prediction and Conclusion:

Cardano (ADA) is a result-yielding coin in the crypto market. The currency is dealing with an ROI of 114.12%. If we compare yesterday’s volume, which was at $51,690,256 with today’s volume which, is at $52,857,559, we would observe a visible difference.

The counters of ADA are a strong indication of upcoming upsurge. The investment in ADA would help the traders in booking high dividends. The year is likely to close with ADA at $0.080. In the coming time, the price counters might incline and touch $0.1. Altogether, ADA would be a profitable investment for the traders.

The currency is recommended for the traders who have long term investment plan as the short investment in Cardano is likely to be risky.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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