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.

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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