Price Analysis

Cardano (ADA) Touches $0.045 After a 2.79% Hike

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  • Cardano gains 2.79% over the last 24 hours and reached 0.045 USD.
  • The next resistance may come at 0.049 USD.

Cardano faced price corrections multiple times over the last week. It traveled from 0.050 USD to 0.043 USD in this period. However, the starting of this week gives a good sign, and the coin has yielded a 2.79% growth over the last 24 hours. There are four huge price shifts that happened in the last 1 day.

Current Statistics-

Cardano (ADA) 03rd September 04:58 UTC
Rank 12th
ROI (Return on Investment) 108.52%
Coin Circulation 25,927,070,538 ADA
Market Cap 1,174,134,989 USD
Value in USD 0.045299 USD
Value in BTC 0.00000436 BTC
24h Volume 48,887,257 USD

ADA to USD Price Comparison-

ADA Price Chart

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Cardano faced an obstacle of 2.82% fall between 00:02 UTC and 08:49 UTC and this fall forced the coin to 0.0433 USD, the lowest point of the day. This was followed by a series of growth. The overall growth of 6.73% saw two breaks, one at 14:33 UTC and another at 18:51 UTC. This hike added 0.002916 USD to the value of each coin bringing the final value to 0.046263 USD. However, this high figure could not be maintained for long, and it went through price correction soon. The 3.39% price correction pushed the coin to 0.0446 USD by 01:28 UTC. Then there was a gradual growth of 1.25%, and it helped the coin to maintain its value near 0.045 USD as of now.

Cardano Price Prediction-

Cardano is likely to take off soon. The next resistance of 0.049 USD may come by the end of this week. The medium-term is likely to be bullish, so investors are advised to wait until the end of 2019 for realizing maximum profit.

Cardano (ADA) Resistance & Support Level
1st Resistance $0.046509333
2nd Resistance $0.047656667
3rd Resistance $0.049200333
1st Support $0.043818333
2nd Support $0.042274667
3rd Support $0.041127333

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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