Cardano Price Analysis: Cardano’s 1.51% Loss Overnight May Not Impact its Next Target of $0.0513

  • Cardano is down by 1.51% over the last 24 hours.
  • The next resistance may come at 0.0513 USD.

Cardano could not maintain its value against USD at 0.050 USD yesterday and fell by 1.51% to reach at 0.049 USD. This decrease might not seem a bigger one, but it surely halts Cardano’s plan for growth in the coming days. The coin is likely to gain handsomely by the end of this year. Let us look out the current data of the coin before going in detail of the price movement.

Cardano Price Statistics-

Cardano (ADA) 20th August 03:41 UTC
Rank 13th
ROI (Return on Investment) 128.65%
Coin Circulation 25,927,070,538 ADA
Market Cap 1,288,597,894 USD
Value in USD 0.049326 USD
Value in BTC 0.00000459 BTC
24h Volume 31,031,944 USD

ADA to USD Price Comparison-

Cardano price chart - Aug 20
Cardano Chart By TradingView

Cardano faced its first swing between 00:07 UTC and 05:57 UTC and it got a deduction of 2.55% which pulled the coin to 0.049461 USD. It was followed by another phase of the hike which took the coin to 0.050 USD by 07:58 UTC. The third variation of 2.37% deduction cost the coin 0.0012 USD, and it again pushed the value of Cardano near 0.049 USD. The next swing happened over the next 6 hours and 11 minutes from 16:33 UTC and this swing added 0.0011 USD to the coin and made it roam around 0.050709 USD. The last variation started near the closing of the day, and by now it has already made a deep cut of 2.67%.

Cardano Price Prediction-

Cardano falls by a margin, but it has a huge potential to show a bullish run soon. The coin has high fundamentals on its back, and in the long-term, it is unlikely to disappoint its investors.

Cardano (ADA)
1st Resistance 0.050845333 USD
2nd Resistance 0.051392667 USD
3rd Resistance 0.051972333 USD
1st Support Level 0.049718333 USD
2nd Support Level 0.049138667 USD
3rd Support Level 0.048591333 USD

Above are the details of the probable resistance and support levels. By the end of this week, Cardano may see its value near 0.0513 USD.

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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