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Price Analysis

Cardano Price Analysis: Cardano (ADA) Records 1% Drop Since Yesterday but Continues with Rising Trends

  • Cardano may keep traders on their toes this week rising as high as $0.070
  • Cardano picks up the momentum to rise consistently

The week has started on a good note for Cardano (ADA), and its holders as the coin have been able to recover from the slow and sluggish trends. It may rise up to $0.070 by the end of this week and head towards bigger targets to close this month on a promising note as also indicated in the current market statistics of the ADA coin.

Cardano to USD Price Comparison:

In the last day, Cardano price has dropped from $0.063855 to $0.062027, as observed on July 22, 2019, at 06:21:08 UTC. This shows a downtrend of 1% from ADA in the last one day. ADA started on a better note yesterday trading at $0.063855 but then dropped as low as $0.05954 around noon. The coin started today on a better note at $0.06168 and moved between $0.060 and $0.062 since then.

Cardano Price Chart - 22 July
Cardano Chart by TradingView

Current Statistics of ADA:

  • Cardano price is now trading at $0.062027 and 0.00000584 BTC
  • The Market Cap of the coin is $1,601,931,128
  • 24-hour volume is $50,524,339
  • ROI of the ADA coin is 185.25%
  • The circulating supply has reached 25,927,070,538 ADA

ADA closed yesterday at $0.061203, and the highest recorded value was somewhere around $0.064214. From the current price movement of Cardano coin, it can be said that it may move between the same range today as well.

Cardano Price Prediction & Conclusion:

Although slowly, but ADA is finally moving in the upward direction and hence it is very much possible for the coin to cross $0.065 by the end of tomorrow or day after. The coin may cross $0.070 by the end of the week and start trading between $0.070 and $0.090 by the next week. ADA may close the month on a better note trading at around $0.095 or above and head towards $0.120 target by the next month.

This seems to be the ideal time to plan bulk investments in ADA coin and aim for higher returns in the future.

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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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