Price Analysis

Cardano Fetches a 0.93% Hike, but a Recovery Doesn’t Seem Likely

  • Cardano price gains 0.93% in the last one day
  • It may have the next resistance near $0.044

Cardano (ADA) has shown a minuscule improvement in the last 24 hours. With three major price variations, it has been up by 0.93% over these hours. All the swings have been in the range between $0.0424 and $0.0448.

Cardano (ADA) Price Analysis:

ADA coin opened the day at 0.043020 USD, and over the next 12 hours, it had its highest hike of the day at 4.15% that took the Cardano price to 0.044806 USD after adding 0.0017 USD.

At 12:06 UTC, it started showing weakness and fell by 5.17% to be placed at 0.042489 USD by 15:24 UTC. This makes the lowest point for ADA for the day.

However, at 15:24 UTC, ADA coin showed some significant signs of strength, and with the help of a 2.23% hike, the value got scaled as high as 0.043438 USD.

Cardano (ADA) Forecast
ADA Chart by TradingView

The Market Cap, however, has shown an abrupt decline. Between November 12 and 13, the Market Cap has fallen to 1.129 billion USD from 1.134 billion USD.

ADA’s 20 days average stands at 0.04334 USD, and it’s 50 days average is now at 0.04337 USD. The current price at 0.043421 USD is 0.11% and 0.17% more than the 50 days and 20 days moving averages, respectively.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.044523
2nd Resistance$0.045279
3rd Resistance$0.045927
1st Support$0.043119
2nd Support$0.042471
3rd Support$0.041715

 

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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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