Price Analysis

Cardano Price Analysis: Cardano Price is Trading to the Lowest; Price Touches $0.56!

Finmax

After the recent release of new testnet version of Daedalus wallet which is on the Cardano Byron site, it has acquired attention from the users already. It has improved themes and new features that make it easier for users to transfer currency. Let’s hope that after this release, the improvement in the capitalization will also be seen.

Current Statistics of Cardano

ADA price is seen trading at $0.05638 at 06:19 UTC on 4th August 2019. The other essentials are as follows:

  • Return on Investment: 160.21%
  • Total supply/Circulating Supply: 31,112,483,745 ADA/ 25,927,070,538 ADA
  • 24 Hour Volume: 35,088,894 USD
  • Market Cap Value: 1,462,477,354 USD
  • 7 Day high/low: 0.061975 USD / 0.056314 USD

ADA to USD Price Comparison

Cardano price chart - Aug 4
Cardano Chart By TradingView

Yesterday, Cardano price was initially seen trading below the baseline at 00:31 UTC with the trading value of $0.05697. The value escalated by 2.35% at 2:30 UTC with trading changed to $0.058310. The value dropped from there by 2.14% at 08:42 UTC when the trading value was seen at $0.057061.

ADA price escalated from there by 2.13% again by 16:09 UTC when the trading value was realized at the highest point of $0.058277. The value dropped back by 1.63% at 22:09 UTC trading at $0.057343. The ADA price today was escalated by 1.11% at 00:26 UTC with the value $0.05797. The value from then is dropped again by 2.75% as of now.

Cardano Price Prediction and Conclusion

ADA is recently seen trading in the bearish zone, which means new entrants buying Cardano coin might be a good trade decision as of now. Traders, however, might have to wait for some more time to build a strong portfolio and enjoy the returns soon. But they can surely decide their trade step under the resistance and support levels of:

Resistance levels:

  • R3: 0.059889
  • R2: 0.059127
  • R1: 0.058445

Support Levels:

  • S1: 0.057001
  • S2: 0.056239
  • S3: 0.055557

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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