Price Analysis

Cardano Price Exhibits Recovery Traits in the Intraday Movements

Cardano is spotted with the bearish run. Nevertheless, the currency was booking huge profits on the chart yesterday. The week took Cardano to touch a high at $0.040334 and a low at $0.035643.

The future brings a big change in the market and we are hopeful for a handsome recovery in the present quarter too. Being the last quarter of the year, the expectations are uptight. We are positive that Cardano would be closing the year with a positive number.

ADA to USD Price Comparison:

The data feed is taken from Bittirex on October 02, 2019, at 11:17:56 UTC for price analysis.

Cardano Price
Cardano Chart By TradingView

Cardano (ADA) started dealing at $0.0390 and the price jumped to $0.0398 by 2.23%. The price slipped back to $0.0390 by 2.16%. There was again an escalation in the price, which took it to $0.0395 by 1.49%. The price fell to $0.0384 and the regression was noted as 2.80%. The final escalation was 2.26% and it took the price to $0.0393. The price slipped and closed the day at $0.0384 with a drop of 2.31%. Today, ADA started the day with a fall; the price counters switched from $0.0384 to $0.0379 by 1.38%. Recently, the price escalated and brought it to $0.0386.

A few days back, Cardano completed two years in the blockchain platform. On the same occasion, Cardano announced to enter in a new venture, which takes ADA towards a new high. The same is good news for interested investors. The current situation of ADA might not be impressive, but it looks like the coming days would be great.

The currency is expected to result best with long-term investment; the specified period would bring the desired return. The short-term investment could also work, but the return might not be according to the expectations of the investors.

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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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