Price Analysis

Cardano (ADA) Records Almost 3% Drop Since Yesterday

  • Cardano (ADA) intraday fall breaches the major support level

Cardano price movement is battling with the bear from yesterday with in-between peep-ups. The traders who have invested in the ADA coin must be aware of the movement of the coin. The currency is speculated to recover soon. The market is also going through a rough phase, and hence, the volatility is widely spread.

Yesterday, Cardano price was seen touching a high at $0.044044 and dropping to the low of $0.043320. The volume marked in ADA coin is at $42,332,678.

Cardano Price Analysis

Yesterday, Cardano started dealing at $0.043510. The price kept dealing at the same level for some time but later fell to $0.04314 by a marginal drop of 0.82%. The ADA price escalated to $0.04389 by 1.74%. Later, the currency dropped to $0.04315 by 1.69% drop. The intraday loss of the coin is registered as 0.39%. Today, the coin started dealing at $0.04335. In the later hours, Cardano price dropped to $0.042325. The regression marked by the coin is 2.37%.

Cardano price
ADA Chart By TradingView

The ADA coin price is dealing with the downtrend. The price of the coin has dropped below the crucial support level. The possibility of improvement has deteriorated. The intraday traders are likely to close the day with the negative digit. The calculated resistance and support levels are given below:

Resistance LevelPrice
R1$0.043917
R2$0.044343
R3$0.044641
Support LevelPrice
S1$0.043193
S2$0.042895
S3$0.042469

Cardano is recommended for long-term traders. The specified period is likely to bring a colossal profit to the traders.

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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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