Price Analysis

Cardano Price Analysis: Cardano Gains 6.23% in the Last 24 Hours

Cardano has been slipped to 13th position despite a gain of 6.32% over the last 24 hours. This has happened because all other major coins have started recovering from the price correction of the last week. ADA has been able to touch 0.050 USD after a long while. The Cardano coin may soon grow exponentially and bring a significant price surge before this year ends.

Current Statistics of Cardano

Cardano (ADA)19th August 03:49 UTC
Rank13th
ROI (Return on Investment)131.67%
Coin Circulation25,927,070,538 ADA
Market Cap1,302,509,864 USD
Value in USD0.050003 USD
Value in BTC0.00000482 BTC
24-Hour Volume39,158,972 USD

ADA to USD Price Comparison-

Cardano price chart - Aug 19
Cardano Chart By TradingView

From the first hours of Sunday till 09:41 UTC, Cardano managed to retain the price near 0.047 USD. The coin soon started growing, and over the next 2 hours and 19 minutes from 09:41 UTC, ADA price reached to 0.049959 USD. After a few hours of volatility, Cardano again got a hike of 4.42% that took the price from 0.048895 USD to 0.051057 USD by 18:01 UTC. The last variation started near 21:06 UTC and the ADA price fell by 2.75% over almost 5 hours to reach 0.049830 USD again. However, the current price of Cardano is trading at 0.050003 USD.

Cardano Price Prediction-

Cardano, as one of the top-ranked coins, is likely to sustain its growth pattern in the coming days and it may soon yield a price rally. The medium-term of the coin is expected to be bullish. All the probable resistance and support levels are listed below.

Cardano (ADA)
1st Resistance0.052277667 USD
2nd Resistance0.053824333 USD
3rd Resistance0.056439667 USD
1st Support Level0.048115667 USD
2nd Support Level0.045500333 USD
3rd Support Level0.043953667 USD
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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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