Price Analysis

Cardano Price Analysis: Cardano (ADA) Price Chart Indicates Recovery; Price Rally Could Soon Begin

eToro
  • Cardano (ADA) price started moving up on the intraday chart.
  • The traders can expect an escalation by the day end.

Cardano (ADA) has been showing a remarkable improvement in the price movement. The same is surprising and influencing the choice of the cryptocurrency traders. The coin is seen moving around Tron (TRX) and Stellar (XLM), and we are expecting that it would surpass them soon.

The intraday chart is indicating quite an adventurous time for the traders. Let’s have a look at what’s hidden for the day.

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ADA/USD Price Chart:

The chart is taken from Trading View on 22nd August 2019 at 05:34:20 UTC for price analysis.

ADA Price Prediction
ADA Price Chart by Tradingview

Yesterday, the coin started dealing at $0.049 and slipped to $0.047 by 4.01%. The coin started slipping since then. The currency touched $0.046 and started moving up and closed at $0.048 by 4.38%. Today, the coin escalated from $0.0480 to $0.0485 by 1.01%. Further, the coin slipped from $0.048 to $0.046 by 3.50%. The coin is currently dealing at $0.047.

Particulars Cardano (ADA)
Price $0.047490
Rank 12
ROI 121.87%
Market Cap $1,246,991,899
Circulating Supply 25,927,070,538 ADA
24hr Volume $44,859,633

Cardano Price Prediction and Conclusion:

Cardano (ADA) was seen making its own path from last one week. The coin was anticipated to start an upsurge in some time, but now the chances of escalation have turned thin due to the current downtrend. However, we are still hopeful that the coin would come out of the downtrend again. The coin is likely to close the year around $0.08. In the coming years, the coin would be seen dealing with a profit of 4%-5%. The coin would be best suited for long term investors. The same would bring a colossal profit for the traders.

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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