Nathan Kaiser, the Chairperson of Cardano Foundation will be attending the Cryptoeconomic Systems Summit on October 5 at MIT Media Lab. The summit aims to help in resolving any development and network queries that the investors might be facing at their end. Let’s hope to get some answers on the same.
ADA Sees Intraday Gains but Faces Volatility
ADA at the time of writing was seen trading at $0.0390 at 08:34 UTC as on October 3, 2019.
Observing the 24-hour price trend of Cardano we see quite an amusing trend in the given graph. The coin’s intraday movement shows a continual uptrend. However, it might drop anytime soon depending on the current market volatility. Yesterday, the value was initially seen trading at the lowest point of $0.03769 around 05:57 UTC. The value escalated by 4.71% at 16:27 UTC, trading at $0.0394.
The value from then slightly dropped by 2.02% at 17:07 UTC, trading at $0.03867. Later, the price of ADA then escalated to the highest peak of today until the time of writing at 04:14 UTC at $0.03961. The current trading price is a result of a marginal drop of 1.38% from the latter price mark.
The value of ADA was recently seen trading in the strong bearish zone. As per the ADA price forecast, this might be the ideal time for potential investors to join the network. Considering the short-term movement, it is predicted that the price may remain inclined towards the lower range.
The resistance and support levels calculated are as follows:
Resistance Levels:
R1: $0.040018, R2: $0.040591, R3: $0.041666
Support Levels:
S1: $0.03837, S2: $0.037295, S3: $0.036722
