Price Analysis

Cardano (ADA) Breaches $0.039 After 2 Days of Steady Growth

  • Cardano has now gone beyond $0.039 after the last two days of consistent growth
  • The next halt for ADA coin is likely to come at $0.039906

Cardano has entered the third day of the upside price movement, and over the last 24 hours, it has increased 0.95% of the value. The three significant price variations have been in the range between 0.0383 USD and 0.03991 USD.

Cardano Price Prediction

ADA coin opened the day at 0.03915601 USD, and its first major price swing happened between 00:55 UTC and 06:10 UTC. In these 5 hours and 15 minutes, the currency lost 3.12% to be placed at 0.03830848 USD, the lowest for the day.  It was followed by a 4.18% hike that added 0.00160318 USD to push the ADA price to 0.0399116 USD by 22:27 UTC. However, Cardano could not retain its value at this high for long, and over the next 37 minutes, it fell to 0.003853007 USD.

Cardano
ADA Price Chart By TradingView

Cardano’s market cap has witnessed a significantly high rise over the last 24 hours. Between November 28 and today, the market cap has increased to 1.028 billion USD from 1.016 billion USD.

ADA coin’s 20 days MA is at 0.03962314 USD, and it’s 50 days MA stands at 0.03977709 USD. Currently, Cardano price at 0.0395309 USD is 0.61% and 0.23% less than the 50 days and 20 days moving averages, respectively. ADA cryptocurrency is likely to have a few more days of bullish impact, and it may find the next variation at 0.039906 USD.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.039906
2nd Resistance$0.040622
3rd Resistance$0.041255
1st Support$0.038557
2nd Support$0.037924
3rd Support$0.037208
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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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