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Price Analysis

Cardano Price Analysis: Cardano (ADA) Is Down By 1.05%; Falls Below $0.050

  • Cardano loses 1.05% in 1 day and falls to 0.049 USD from 0.050 USD.
  • The medium-term of the coin is likely to be bullish.

Cardano has lost 1.05% over the last 24 hours, although the market trend is on the opposite. It has shown five major price shifts, and it has shown the highest point at 0.050 USD and the lowest at 0.048 USD. However, the medium-term of the coin is likely to be bullish. Let us look at the current details of the coin now.

Cardano Price Statistics-

Cardano (ADA)24th August 05:42 UTC
Rank12th
ROI (Return on Investment)128.12%
Coin Circulation25,927,070,538 ADA
Market Cap1,279,948,885 USD
Value in USD0.049399 USD
Value in BTC0.00000477 BTC
24h Volume46,755,363 USD

ADA to USD Price Comparison-

ADA Price Prediction
ADA Price Chart by TradingView

Cardano faced its first fall between 01:06 UTC and 03:27 UTC and this fall of 1.90% cost the coin 0.0009 USD. From there Cardano got a hike of 2.25% and reached 0.050381 USD by 07:03 UTC. It was followed by a steep fall of 2.99%, which took 0.001 USD away from the coin and placed the coin at 0.048 USD by 10:08 UTC. The fourth swing was a significant one as it gave a gradual growth to the coin, which lasted almost 16 hours starting from 10:08 UTC.  This gradual growth again placed the coin at 0.050121 USD. The last swing was a fall of 1.53%, and this fall cost the coin 0.0007 USD to Cardano.

ADA Price Prediction-

Cardano has again fallen below 0.050 USD, and it seems to take more than usual time to fetch good growth. However, the long-term investors may be placed at the receiving end as it may have a price rally before 2019 ends.

Cardano (ADA)
1st Resistance0.050403667 USD
2nd Resistance0.051017333 USD
3rd Resistance0.051767667 USD
1st Support Level0.049039667 USD
2nd Support Level0.048289333 USD
3rd Support Level0.047675667 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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