Cardano Price Analysis: Cardano’s (ADA) Yesterday’s Gain May Not Help the Coin to Recover

Cardano couldn’t show any huge change over the last 24 hours. With four significant swings, the coin could make the growth of only 0.85%. Though, the coin reached 0.053262 USD near 13:30 UTC, it could not be sustained for long. Here is an analysis of the ADA coin’s movement against USD over the last 24 hours.

Current Statistics of Cardano:

ADA to USD Price Comparison-

Yesterday, Cardano started the day with a cut in the price. The 2.76% cut between 00:15 UTC and 06:21 UTC cost the coin 0.001 USD. After a few hours of volatility, the coin managed to grow. A jump of 5.73% took the coin to its highest point of the day at 0.053262 USD by 13:23 UTC. It was followed by a smooth decline of 3.73% over six and a half hours. The latest swing came as an ominous sign, and it could push the coin from 0.05125 USD to 0.05251 USD.

Cardano Price Prediction-

Though it has started showing growth, this doesn’t seem to be sustained for an extended period. So, getting very optimistic about the coin would not be prudent. However, in the long-term, the coin may deliver good results. Here are all the calculated resistance and support levels of Cardano for a safer trade.