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Price Analysis

Cardano Indicates a Moderate Upsurge in the Price

Cardano (ADA) is dealing with a profit digit. The last couple of days are giving flourishing result to the investors. The ongoing week has brought quite a roller coaster ride for the traders. The week began with a downtrend in the market; it started improving in the last few days, and as a result, despite the bearish trend, Cardano is climbing up. In yesterday’s chart, Cardano was dealing at low of 0.050520 USD and a high at 0.052557 USD. There is strong speculation that Cardano would breach both the level today. Let’s have a look at the 1-day chart of ADA.

ADA to USD Price Analysis:

The data feed is collected from Bittrex on September 21, 2019, at 11:54:25 UTC for price analysis.

Cardano Price
Cardano Chart By TradingView

Yesterday, the day opened with a drop and the price changed from $0.052 to $0.050 by 3.42%. There was a recovery in the coin, which took the price to $0.0519 from $0.0508 by 2.30%. The price further fell to $0.05030 by 3.10%. The immediate improvement took the ADA to $0.052 by 4.34% and the day ended at the same level with a progression of 0.38%. Today, the price jumped from $0.052 to $0.053 by 1.24% and later on, it slipped by 1.67%.

The last few weeks brought quite a distress in the market. The third quarter carried a lot of hope, but it couldn’t react as per the expectation. There is a strong possibility that it would end with a substantial recovery in the price.

Cardano is a result-oriented coin; the long-term investment would give the best result to the Cardano (ADA) investors.

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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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