Price Analysis

Cardano’s 2.98% Upsurge Pushes It Beyond $0.036

  • Cardano has achieved its long-pending hike; the value now roams around $0.036
  • ADA coin may find itself at the next halt of $0.0374 soon; the outlook seems sustainable
  • There has been a minor increment in the market cap as well

Cardano has been up by 2.98% over the last one day, and it has witnessed three major price variations in this period. It was reeling under immense pressure a few days ago, but the recent growth of the overall market seems to have benefitted ADA coin as well.

Cardano Price Prediction:

ADA price was near 0.0357 USD at the time of opening of the day, and its first variation came as a hike of 4.25% that added 0.0015 USD and pushed the price to 0.03723 USD. It was followed by a 4.93% slump in the value that pushed the price to 0.03539 USD by 14:01 UTC. From there, ADA coin started showing signs of strength and achieved a 4.36% hike to be placed at 0.03693 USD by 01:06 UTC today.

ADA to USD Price Chart
ADA Price Chart by TradingView

The market cap of Cardano on November 26 was 959.117 million USD, and it has made a slight increment in the last one day. The current market cap now roams around 959.222 million USD.

ADA coin’s 200 days MA stands at 0.03669604 USD, and it’s 50 days average is now at 0.03666264 USD. The current price is at 0.03678005 USD that is 0.32% and 0.22% more than the 50 days and 200 days moving averages, respectively. The currency may see a short stint of bullish period ahead with resistance at 0.0374 USD.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.03747
2nd Resistance$0.03795
3rd Resistance$0.03884
1st Support$0.03610
2nd Support$0.03522
3rd Support$0.03473
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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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