Price Analysis

Cardano Price Falls by 4% in the Intraday Trading

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The altcoin market opened with a call today. Along with many coins, Cardano followed the trend too. From the last couple of days, Cardano is under market pressure and, hence falling. The traders are also disappointed by the current price momentum in Cardano.

ADA to USD Price Comparison:

Cardano price chart
Cardano chart by TradingView

Looking at the above ADA price chart, we can notice the downtrend. Yesterday, the ADA coin opened at $0.049863. Cardano price kept dealing at $0.049 for some time and later fell. The drop was marked from $0.04902 to $0.04510 by 7.99%. Cardano closed the day at $0.04501 with an intraday regression of 9.99%. Today, ADA coin slipped from opening price $0.04501 to $0.04312 by 4.19%. Cardano price is currently dealing at $0.04424.

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Current Statistics of Cardano:

  • ADA price is trading at $0.04424.
  • ROI is marked at 103.93%.
  • Circulating Supply has 25,927,070,538 ADA.
  • The Market Cap is marked as 1,141,442,565 USD.
  • 24-hour volume is noted 68,603,102 USD.

Cardano Price Prediction and Conclusion:

The traders were quite happy with the growth of the ADA coin as per last week’s price trend. They were looking forward to a flourishing future. Well, the things didn’t fell in place, and Cardano came under market pressure. The coin has fallen on its knees and was not sure when the coin would pick up again. The traders interested in the ADA coin should hold their investment. The coming time might be fabulous for Cardano. The short-term investment looks best for the coin as of now.

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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