Price Analysis

Cardano Marked Major Hike Yesterday; Price about to Breach $0.038

  • Cardano price has successfully initiated its recovery process and been able to get a hike of 2.04% in the last 24 hours
  • The upcoming days have the full potential to be bullish, and ADA price may get the next resistance at $0.0389

Cardano (ADA) has followed the market trend and witnessed an overall 2.04% increment in the last 24 hours. There were three price variations in the range between 0.036 USD and 0.038 USD in this period. Now it trades at 0.03782089 USD.

Cardano Price Prediction:

ADA opened the day at 0.03706237 USD, and its first variation happened between 00:07 & 08:08 UTC. Over these 8 hours, it lost a total of 1.46% value and got placed at 0.03678 USD from 0.03732 USD. At 08:08 UTC, the price of Cardano started gaining, and after a 3.47% addition, it reached 0.03804500 USD by 20:10 UTC. The last price shift happened between 20:10 & 00:18 UTC today, and over these 4 hours and 8 minutes, it lost 1.72% value to get placed at 0.037390 USD.

Cardano (ADA) Chart
ADA/USD Price Chart By TradingView

The market cap of ADA coin over the last 24 hours has also witnessed a decent rise. Cardano’s 20 days MA stands at 0.03777449 USD, and it’s 50 days MA is now at 0.03773158 USD. The current price of ADA stands at 0.03782089 USD, which is 0.23% and 0.12% more than the 50 days & 20 days moving averages, respectively. The current price trend hints at upcoming bullish days ahead.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.03891
2nd Resistance$0.03994
3rd Resistance$0.04092
1st Support$0.03690
2nd Support$0.03592
3rd Support$0.03489
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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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