Price Analysis

Cardano Continues its Surfing on the Slope; ADA Loses 3.26% Overnight

    • Cardano loses 3.26% over the last 24 hours
    • The next resistance for ADA coin may come at $0.04364

Cardano (ADA) has started facing a decent decline now, and over the last 24 hours, it has lost 3.26% value. It has witnessed three major price swings, and all of the swings have been in the range between 0.043 USD and 0.041 USD.

Cardano Price prediction

ADA coin opened the day at 0.04344140 USD, and over the next 12 hours and 31 minutes, it lost 3.79% or 0.0016 USD to touch 0.04179434 USD. It was followed by a 2.86% increment that pushed the Cardano price to 0.04299100 USD by 23:43 UTC. Towards the closing of the day, the coin price started weakening and lost 2.39% to be placed at 0.04196362 USD by 01:59 UTC.

Cardano Price
ADA Chart By TradingView

The market cap of Cardano has witnessed an enormous decline over these 24 hours. It was down to 1.103 billion USD from 1.117 billion USD between November 14 and 15.

ADA coin’s 20 days average stands at 0.04226 USD, and the 50 days average is now at 0.04224 USD. If we look at ADA coin’s near-term trend, it may trade downwards. However, in the long-term, it will move upwards. And Hence, Cardano’s next resistance may come at 0.04479 USD. Investors are advised to wait for Cardano to reach 0.045 USD to realize decent returns.

Resistance & Support Levels

R1- $0.043646333, R2- $0.044173667, R3- $ 0.044797333

S1- $0.042495333, S2- $0.041871667, S3- $0.041344333

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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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