- 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 (ADA)||8th August 02:54 UTC|
|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.
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.
|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|