Price Analysis

Cardano (ADA) Price Recovers Despite Hitting Quarterly Low

  • Cardano (ADA) price returns to a month ago the opening price
  • The potential recovery impressed the traders

Cardano has been trying to join the bandwagon of the top ten cryptocurrencies for a long time. But the market pressure is, again and again, bringing it down. In the recent price crash, the ADA coin was seen recording a new 90-day low at $0.333.

However, the coin started improving from there within a small span of time. The price of Cardano is back to where it was a month ago. The same reflects that the coin still holds the potential to enter the top player’s list in the crypto market.

Cardano Price Prediction

ADA coin price was dealing at $0.0412 on October 30, 2019. The price started escalating and later touched $0.0457 from $0.0416 by 9.83% hike. Later, the price immediately fell and touched $0.0410 by 9.88%. The coin price surged in the later days to $0.0438 by 6.86%. Cardano price kept trading at a similar trend, which led to another upsurge. Cardano jumped to $0.0453 by 8.17%. The currency was spotted taking a steep fall of 26.54%. ADA price touched $0.0333. Recently, the currency has again started price recovery. The price has touched $0.0419.

Cardano
ADA Price Chart By TradingView

Cardano price is currently dealing at $0.04132. The intraday movement in the coin seems positive. The immediate resistance level at $0.0425 seems to breach in the coming hours. However, if the momentum reverses, then the coin would find immediate support at $0.039. ADA coin is likely to improve in the coming days. The investment is anticipated to give fruitful results in the future. The traders interested in Cardano are recommended to opt for long-term investment. The specified would bring a high return to the traders.

Resistance LevelPrice
R1$0.042577
R2$0.043732
R3$0.045423
Support LevelPrice
S1$0.039731
S2$0.03804
S3$0.036885

 

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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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