Price Analysis

Cardano (ADA) exhibits dramatic Movement on 1-day Chart

Cardano price movement has under the market pressure from quite a long time. The currency was spotted battling with the top ten cryptocurrencies in the market to enrol itself among them. The heavy fall took many coins down with itself along with Cardano.

The coin is currently trying hard to improve, but it looks like a substantial improvement would take place in the coming year. However, there are some small recoveries anticipated from the coin in the ongoing week too. The intraday chart might help the traders to close the day with a positive digit.

Cardano Price Prediction

Cardano Price News
ADA/USD Chart By TradingView

Yesterday, Cardano started the day at $0.0344. The currency slipped to $0.0342 by 0.62%. Further, the price dropped to $0.033 by 1.31%. The currency jumped to $0.0344 by 1.65%. Later, there was another drop, but this time it was 3.28%. The price counters moved from $0.0344 to $0.0332. The closing hours took ADA price to $0.0329 by 0.92%. The intraday movement in the price reflected a fall of 4.24%. Today, Cardano began the day with a fall of 0.26%. The counters moved from $0.03299 to $0.03291. The coin improved and jumped to $0.0340 by 3.24%.

The current price of Cardano is at $0.0336. The movement in the coin is taking it towards the immediate resistance level at $0.0341. It looks like that towards the end of the day, ADA might be hovering around the nest resistance level at $0.0350.

Resistance LevelPriceSupport LevelPrice
R1$0.034136S1$0.032712
R2$0.035072S2$0.032224
R3$0.03556S3$0.031288

Cardano is speculated to give colossal results in the future. Hence, the traders are recommended to opt for the long-term investment plan.

Tags

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.

Related Articles

Back to top button
Close