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Price Analysis

Cardano Price Analysis: Cardano’s Growth Phase May Start After $0.07

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  • Cardano has shown four major price swings in the last 24 hours in the range of 3% and 9%.
  • The target for 2019 remains at 0.2 USD.

Cardano coin is a major coin in the market with very high stability and market cap. It is ranked at 12th position, and it has a low Return on Investment as of now. But the coin has huge potential to perform in the near future and reach its optimal position. Here is an analysis of Cardano’s price movement in the last 24 hours. It has gone down slightly, but it has a bullish medium-term outlook. The coin may go to as high as 0.2 USD by the end of this year. This analysis is aimed at helping short-term traders in order to reorganize their investments. Let us look at the current details of the coin first.

ADA Price Statistics-

Cardano (ADA)14th July 04:54 UTC
Rank12th
ROI (Return on Investment)206.57%
Coin Circulation31,112,483,745 ADA
Market Cap1,724,573,324 USD
Value in USD0.066176 USD
Value in BTC0.00000589 BTC
24h Volume94,927,949 USD

Cardano to USD Price Comparison-

Cardano price chart - july 14
Cardano chart

ADA faced its first swing in terms of a steep fall of 3.57%. This fall cost the coin 0.002 USD, and this happened between 00:19 UTC and 04:10 UTC. It was followed by a rise of 5.34% and the coin gained 0.003 USD between 04:10 UTC and 09:40 UTC. The biggest variation happened between 09:40 UTC and 21:07 UTC. Over these 11 hours and 27 minutes, the coin lost 9.25% or 0.006 USD. It was followed by a steep rise of 4.19% or 0.002 USD. These are the four major price swings of Cardano in the last 24 hours. All these swings have been in the range of 3% and 9%.

Cardano Price Prediction-

The medium-term outlook of Cardano is bullish, and the coin may reach 0.2 USD by the end of this year. Today’s closing may happen near 0.07 USD. The next resistance points are 0.070270333 USD, 0.073770667 USD, and 0.076622333 USD. The support levels are 0.063918333 USD, 0.061066667 USD, and 0.057566333 USD.

Conclusion-

The coin has a huge potential to realize in the near future. Short-term traders need to trade, keeping 0.07 USD in mind. On the medium-term, it may give more than 100% returns on the current investment value.

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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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