Price Analysis

Cardano (ADA) Has Dropped By Almost 1.5%; Falls Below $0.050

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Cardano has taken a hit of almost 1.47% since yesterday, and it has gone below 0.049 USD from 0.050 USD. The latest fall delays the possibility of the ADA coin’s bullish rise in the short-term. However, the medium-term of the Cardano is likely to be bullish. Before analyzing the five price swings of the day, we should look at the current details of the coin now.

Current Statistics of Cardano-

Cardano (ADA) 26th August 05:06 UTC
Rank 12th
ROI (Return on Investment) 129.61%
Coin Circulation 25,927,070,538 ADA
Market Cap 1,301,553,860 USD
Value in USD 0.049440 USD
Value in BTC 0.00000498 BTC
24-Hour Volume 107,195,671 USD

 ADA to USD Price Comparison-

 

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ADA Price Prediction
ADA Price Chart by TradingView

Cardano price was at $0.050182 at the time of opening and between 00:28 UTC and 03:50 UTC, it saw a hike of 5% which took the coin to $0.052735. This makes the top moment of the Cardano for the day. However, it was soon followed by a weakening of 4.41% that forced the ADA coin to $0.050416 by 15:52 UTC. After a few hours of fluctuations, Cardano price again fell by 4.76%, and this time the ADA coin price fell to $0.048445 by 21:19 UTC, this makes the lowest point of the coin. However, towards the closing, the coin managed show strength and with the help of a 5.25% hike ADA price was at $0.050990 by 01:23 UTC of today. The last swing of the Cardano happened between 01:23 UTC and 04:59 UTC and this took away $0.001 from the value of each ADA coin against USD.

Cardano Price Prediction-

The value of Cardano is below 0.050 USD as of now and this constant hide and seek with 0.050 USD hints at a delayed price rally. However, in the long-term, the coin is likely to run bullish. The details of the next three possible resistance and support levels are given below.

Cardano (ADA)  
1st Resistance 0.051792 USD
2nd Resistance 0.054145 USD
3rd Resistance 0.055685 USD
1st Support Level 0.047899 USD
2nd Support Level 0.046359 USD
3rd Support Level 0.044006 USD

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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