Cardano Price Analysis: Market is Slightly Bearish; Volume Might Get Affected After the Update in the Crypto wallet

Emurgo recently released a re-defined and updated Yoroi 1.7 wallet with an ability to connect to Cardano (ADA) explorer. In the new update, the whole layout is re-designed, and a few new themes have been added. Now, any user can send entire wallet balance in one go with a “send all” functionality. Additionally, a fresh set of languages package including Spanish & Italian has been added. On top of that, Emurgo opened up their brand new office in Tokyo to the public for the first time and hosted a showcase meetup with their new partners YOO Sourcing, Herobit, Cimcome & AraPay.

Current Statistics of Cardano Coin (On June 20, at UTC 00:38):

Cardano Price Chart - 20 June
Cardano Chart by Trading View
  • ADA vs. USD was trading around 0.08823 USD.
  • At the same time, ADA vs. BTC was trading around 0.00000958 BTC
  • The Market Cap of the Cardano coin was 2,304,880,132 USD.
  • The 24-hour trading volume was 122,956,310 USD.
  • With an ROI of 310.09%, the total Cardano coins circulating in the market were 25,927,070,538 ADA.

Cardano to USD Price Comparison:

On May 27, Cardano was valued at 0.089 USD, but today, after 25-days, the altcoin is trading with a dip of 0.8% as shown in cardano chart. Similarly, in weekly charts, Cardano has seen a downfall of 4.19% from the market price of 0.08819 USD on June 13.

Cardano Price Prediction:

Although short term trends are bearish, we would like to stick to our earlier prediction of the coin, i.e., of $0.1. For now, the three resistance levels for Cardano are at 0.090789 USD, 0.092501 USD, and 0.09342. Additionally, the support levels are at 0.088158 USD, 0.087239 USD, and 0.085527 USD.


Just like the last week, after the bull run on the first three days, there is a slight slowdown in the market from today. And that can also be observed in Cardano. However, the fundamentals of ADA are strong, and it will surely give a good return in the long term.

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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