Price Analysis

Cardano (ADA) Got Mauled by the Bear; Lost 1.62% in One Day

  • Cardano trades at $0.037, and it has made an overall slump of 1.62% over the last 24 hours
  • The tough times are here to stay for ADA; support may come at $0.036

Cardano has failed to show any decent signs of a stable outlook, and over the last 24 hours, it has lost 1.62%, and the current price is now at 0.03712213 USD. It has been through three major price variations, and the range of the swings has been between 0.036 USD and 0.038 USD.

Cardano Price Prediction

ADA coin opened the day at 0.03773 USD, and over the next 8 hours, it lost 4.03% that pushed the value to 0.03621 USD. It was followed by a 6.58% hike that added 0.00238 USD to the value and helped Cardano to scale as high as 0.03859 USD by 20:07 UTC. The last variation happened between 20:07 & 02:47 UTC, and in these 6 hours and 40 minutes, ADA cryptocurrency lost 3.75% value to touch 0.037151 USD.

Cardano Price
ADA Price Chart By TradingView

Cardano has shown huge volatility over the last seven days. It started the week at 0.0388 USD, and the highest point of the week rests at 0.042 USD. The price trend is on a slope since November 30.

The 20 days MA of ADA coin is now at 0.03719604 USD, and the 50 days MA stands at 0.03724738 USD. The current price of Cardano at 0.03712213 USD is 0.33% and 0.19% less than the 50 days & 20 days moving averages, respectively.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.03844
2nd Resistance$0.03947
3rd Resistance$0.04042
1st Support$0.03645
2nd Support$0.03551
3rd Support$0.03447
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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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