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Price Analysis

Cardano Price Analysis: ADA Price Has Gained 1.31% in the Last 24 Hours

Cardano has been able to yield a slight growth of 1.31% over the last 24 hours. With four major price variations, Cardano price touched as high as 0.047540 USD in this period. The coin is likely to follow a recovery path soon. By the end of 2019, ADA coin may experience a price rally. Let us discuss the current data of the coin now.

Current Statistics of Cardano

Cardano (ADA)17th August 03:18 UTC
Rank12th
ROI (Return on Investment)116.38%
Coin Circulation25,927,070,538 ADA
Market Cap1,216,627,881 USD
Value in USD0.046817 USD
Value in BTC0.00000453 BTC
24h Volume44,193,984 USD

ADA to USD Price Comparison

cardano price chart - 17 Aug 2019
ADA Price Chart By TradingView

Today, at the beginning of the day, Cardano price was trading at 0.0473 USD and it started weakening after that. By 05:50 UTC, it was being traded near 0.04447 USD, with a fall of 6.04%. It was, however, followed by a hike of 6.93%, which took the ADA coin to the highest point of the day at 0.047540 USD in just 9 hours and 17 minutes. This growth could not be sustained, and Cardano fell by 2.96% in the next seven and a half hours from 15:08 UTC. The last swing was a marginal recovery of 1.81%, and this took the Cardano price to 0.046964 USD.

Cardano Price Prediction

ADA coin’s recent growth hints at the initiation of price recovery by the coin. However, the next couple of weeks may see marginal growth or stagnation. The details of the resistance and support levels are given below:

CardanoResistance & Support Levels
1st Resistance0.047964667 USD
2nd Resistance0.049088333 USD
3rd Resistance0.050640667 USD
1st Support Level0.045288667 USD
2nd Support Level0.043736333 USD
3rd Support Level0.042612667 USD

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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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