Price Analysis

Cardano (ADA) Price Exhibits 3% Rally Despite Heavy Market Pressure

  • Cardano price registers uptrend amid the volatile market
  • The intraday traders can expect a good closing

The crypto market is exhibiting volatility for quite a long time. The coins are normally disturbed due to the same, but ADA coin has attained a distinct potential. The currency is marking an upsurge in the price.

Today, Cardano has surprised the traders. The same would have a positive result in the long run on the market cap.

Cardano Price Prediction:

In yesterday’s price chart of Cardano, the coin was registering the loss. Cardano started dealing at $0.04402. The price started slipping from the beginning of the day and later dropped to $0.0425 by 3.45%. The currency recovered in the later hours went up to $0.04339. The progression marked was 2.09%. The ADA coin price slipped once again and touched $0.4318 by 0.48%.

The intraday loss in the movement of the coin was 1.90%. Today, Cardano opened the day at $0.04318. The coin is registering progression from the first hour of the day. The counters moved from $0.043 to $0.0443 by 2.62%.

Cardano (ADA) Forecast
ADA Chart by TradingView

Cardano is expected to keep the recovery intact and trade up to an astounding level soon. The current price movement has impressed the investors. The price is reflecting a profitable closing. The ADA price has already breached the immediate resistance level and is heading towards the next resistance level of $0.0443.

Resistance LevelPriceSupport LevelPrice
R1$0.0440S1$0.0424
R2$0.0443S2$0.0416
R3$0.0456S2$0.0407

ADA coin would give great results in the future. The traders interested in Cardano are recommended to pick the long-term investment plan as it would help them draw the desired result.

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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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