Price Analysis

Cardano (ADA) Exhibits Positive Signs in the Intraday Trading

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Cardano has been able to fetch a 5.77% hike in the last 24 hours, and it has risen to 0.04417 USD from 0.04176 USD. It has been through three major price shifts in these hours.

Cardano Price Prediction:

ADA coin had its first swing between 00:01 UTC and 12:00 UTC, in these 12 hours, it could add 0.000915 USD to be placed at 0.042680 USD. The second variation happened between 13:48 UTC and 20:20 UTC, and this addition of 3.31% helped Cardano price to scale as high as 0.043672 USD. The last swing happened between 22:55 UTC and 02:54 UTC, and it pushed ADA coin price by 4.32% to touch 0.044395 USD, the highest for the day.

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Cardano Price Forecast
ADA Chart by TradingView

The past seven days have been inconsistent for ADA and the highest point it touched is at 0.04492 USD, and it also has fallen to as low as 0.04045 USD in these last seven days.

Cardano’s 20 days average is at 0.0407055 USD, and it’s 50 days average stands at 0.0415758 USD. The current ADA price at 0.044176 USD is 6.25% and 8.52% more than the 50 days and 20 days moving averages, respectively. As per the current trend, ADA’s next resistance may come at 0.045 USD.

Cardano (ADA) Resistance & Support Levels
1st Resistance $ 0.043793
2nd Resistance $ 0.04435
3rd Resistance $ 0.045443
1st Support Level $ 0.042143
2nd Support Level $ 0.04105
3rd Support Level $ 0.040493

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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