- Cardano (ADA) price indicates recovery with its intraday movement
- The improvement can pump some life back in the coin
Cardano is dealing around the same price from where it started, at the onset of 2019. The entire period amidst the same has been quite fascinating. The price touched $0.100 in the month of May and now is back to $0.039. However, the current price momentum has been quite volatile, wherein the improvement in the price becomes very difficult. However, if there is stability in the coin, then the traders can expect an upsurge in a short time.
Cardano Price Analysis:
Yesterday, Cardano started trading at $0.039, and the price kept hovering around the same but later fell to $0.038. The price escalated to $0.0392 by 1.94%. Unable to hold at the level and fell to $0.0387 by 2.05%. The day closed with recovery as the price touched $0.039 by 1.04%. Today, the price began with heavy escalation. The price jumped to $0.0399 from $0.0391 by 2.21% and is seen moving around the same since then.
The current trading price of Cardano is at $0.039. As we can see in the above-mentioned chart, the price almost touched $0.0399 and slipped. The price is presently at the immediate resistance level.
The other calculated resistance and support levels are as follows:
The traders can dig-in for the long-term investment in ADA as the same would fetch a colossal profit.