Price Analysis

Cardano Price Analysis: ADA Value Escalated by More than 25% After 17th July

Early next week, Nathan Kaiser, Chairperson of Cardano Foundation, is going to be part of the Carano effect Podcast in order to discuss the upcoming project and his review about the updates till now. Let’s hope that ADA followers acquire more confidence in the network and hope to see the escalations in the ADA chart soon. 

Price Analysis of ADA on 21st July 2019

The value of ADA is trading at $0.063114 at 09:30 UTC on 21st July 2019. The other essentials factors are calculated as: 

  • Market Ranking: @12
  • Return of Investment: 189.34%
  • Total supply/Circulating Supply: 31,112,483,745 ADA/ 25,927,070,538 ADA
  • 24 Hour Volume: $66,883,699 
  • Market Cap Value: $1,626,200,675 
  • 7 Day high/low: $0.065691 / $0.050071 

Cardano Price Comparison

Cardano price chart July 21
Cardano Price Chart by TradingView

In past 5 days, the lowest price was seen on 17th July at 02:25 UTC with $0.0505114 which was escalated by 18.25% on 18th July at 17:30 UTC trading at $0.0592. The value from then was increased by 15.96% on 20th July at 20:15 UTC with $0.065065. The value, however, is now dropped by 3.07% from then. 

Cardano Price Prediction and Conclusion

Cardano is trading in the strong bearish zone, which means this might be an ideal time for new traders to jump in the network by ‘buying’ ADA coins in their portfolio. Considering the trades of yesterday, the resistance and support levels that might help traders with safer bidding decision are as follows:

  • R3: 0.071015
  • R2: 0.068073
  • R1: 0.065516
  • Pivot Point: 0.062574
  • S1: 0.060017
  • S2: 0.057075
  • S3: 0.054518

And soon enough, if the trade is back in the escalation mode, we might see the trade touch the valuation of $0.1 by the end of 2019. 

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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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