Cardano Price Analysis: Cardano (ADA) Might Have Found Its Comfort In Bearish Zone

  • Cardano is down by 4.78% over the last 24 hours.
  • The next resistance of the coin may happen at 0.053 USD.

Cardano has been comforted in the bearish zone of the market. It has been quite a few days, and the coin is yet to show any significant strength against USD.  With four price swings, it is down by a whopping 4.78% on the last day. Any bullish movement of the ADA coin is unlikely in the near future. Let us analyze the current data of the coin.

Current Statistics of Cardano-

Cardano Price Prediction
Cardano Price Chart by TradingView
Cardano (ADA) 8th August 02:54 UTC
Rank 13th
ROI (Return on Investment) 136.12%
Coin Circulation 25,927,070,538 ADA
Market Cap 1,330,842,781 USD
Value in USD 0.051129 USD
Value in BTC 0.00000430 BTC
24h Volume 45,690,972 USD

ADA to USD Price Comparison-

The first price variation came as a fall when the Cardano price decreased by 2.32% between 04:45 UTC and 08:06 UTC.  After a few hours of strengthening, the Cardano again faced a dip in the value. This dip of 5.07% was the highest of the day and took the coin to the lowest of the day at 0.051259 USD from 0.053998 USD. It was followed by a marginal hike of 2.17%, and it helped the coin to add 0.0011 USD to each coin. It was being traded at 0.052389 USD by 20:39 UTC. The next swing was a marginal fall of 2.12% and this cost the coin 0.00110 USD.

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Cardano Price Prediction-

There is no visible sign of the upward movement of Cardano. Investors should not be very optimistic until the coin touches its first resistance level. The calculated resistance and support levels are as follows.

Cardano (ADA)  
1st Resistance 0.053506 USD
2nd Resistance 0.055106 USD
3rd Resistance 0.056137 USD
1st Support Level 0.050875 USD
2nd Support Level 0.049844 USD
3rd Support Level 0.048244 USD

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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