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Price Analysis

Cardano Fails to Retain its Fort; May Seek the Support at $0.045 Soon

  • Cardano loses 0.5% in the last 24 hours.
  • The next support for Cardano may come at 0.045 USD.

Cardano could not stand the heavy pressure exerted from the market and lost almost half a percent in the last one day. It is now roaming around 0.047 USD. The three price swings of Cardano had a trading range between 0.047 USD and 0.045 USD.

ADA to USD Price Analysis:

Cardano Price
Cardano Chart By TradingView

Cardano’s first swing started around 01:54 UTC and in the next 11 hours and 9 minutes, it lost 4.31% and got placed at 0.045663 USD, the lowest of the day. Later, it got strengthened by 3.96% and made it to trade around 0.0474666 USD by 21:38 UTC. Later it started falling towards the closing of the day. Between 21:38 UTC and 04:58 UTC, it cut 1.04% to touch 0.046973 USD. This fall had a break at 0.046882 USD.

Cardano Price Prediction:

Cardano has started the price correction process like all other coins and in the next few days, it may have to suffer more. The next support may come at 0.045 USD. However, the medium-term of Cardano is likely to be bullish.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.047
2nd Resistance$0.048
3rd Resistance$0.049
1st Support Level$0.046
2nd Support Level$0.045
3rd Support Level$0.044

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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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