Price Analysis

Will Cardano Continue Its Upsurge Amidst Volatility?

Cardano (ADA) seems to be getting over its worst phase in the ongoing crypto market volatility due to the continual market pressure. The price movement of the last 30 days indicates a lot of price variations for the ADA coin. The latter part of the ongoing month saw the coin in the upward range. This is some positive indication for the user community. ADA price moved in the range between $0.036 – $0.044 over the past 30 days.

Cardano Price Prediction

Cardano price seems to be managing well over the past few days with its price trying to sustain its upper momentum. The ADA price was at $0.0434 on October 11. With the bear pressure too much to handle, the price of Cardano went down to $0.03790 on October 16 by 10.45% drop. The price continued to be below the baseline though it rose slightly to the extent of 4.76% on October 22 at $0.03976. Then, price again fell to $0.03663 to the tune of 7.95%. From here onwards, Cardano’s price took an upward swing and reached at $0.04400 with a massive 19.87% hike. On November 04, ADA coin was trading downwards and reached $0.04163. However, the price managed to bounce back and hit an upper range of $0.0449 on November 06, and the upswing is at 7.93%. Currently, the price of Cardano is trading at $0.04259.

Cardano Price Chart
ADA Chart By TradingView

Cardano price had performed well at the onset of the year and till the bears set in the market in July. But now it looks like the price is getting even with the bears and all set to bounce back. Investors should hold on to their current investments as ADA prices might have a continual upsurge if the crypto market shows some stability. Short term traders can make considerable profits if they trade wisely.

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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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