Price Analysis

Cardano (ADA) Loses 4.97% Value in the Last 24 Hours

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Cardano has followed the sluggish market trend and lost 4.97% in the last one day. It has been through three major price changes in this period, and the current price is now at 0.03277973 USD. The range of the swings lies between 0.03479 USD and 0.03253 USD.

ADA coin opened the day at 0.03449449 USD, and its first major price swing happened between 0:12 and 09:39 UTC. Over these 9 hours and 27 minutes, Cardano coin lost 5.09% that took the price to 0.03302 USD. It was followed by a 3.89% hike that added 0.001284 USD in the value and pushed the ADA price to 0.03431272 USD by 13:24 UTC. After that, towards the closing of the day, the coin got weakened and with a loss of 5.19%, it fell to 0.03253089 USD by 01:36 UTC today.

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Cardano Coin News
ADA/USD Chart By TradingView

Cardano Price Analysis

ADA coin’s 20 days MA stands at 0.0327676 USD, and it’s 50 days MA is now at 0.03272226 USD. Cardano price is currently being traded at 0.03277973 USD, which is 0.17% and 0.03% more than the 50 days and 20 days moving averages, respectively. The placement of the current price above both the averages hints at upcoming bullish days for Cardano. The next resistance may come at 0.03434 USD.

Cardano (ADA) Resistance & Support Levels
1st Resistance $0.03434
2nd Resistance $0.03542
3rd Resistance $0.03606
1st Support $0.03261
2nd Support $0.03197
3rd Support $0.03088

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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