Price Analysis

Cardano Price Spotted Moving Towards $0.040 Again

  • 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.

Cardano Price
ADA Chart By TradingView

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:

Resistance Level Price
R1$0.039661
R2$0.040043
R3$0.040526
Support Level Price
S1$0.038796
S2$0.038313
S3$0.037931

The traders can dig-in for the long-term investment in ADA as the same would fetch a colossal profit.

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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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