After a sluggish weekend, Cardano seems to have found the momentum to start the week off at a bullish note. Over the last 24 hours, it has climbed the ladder up by 3.85%. The current price roams around $0.04467.
Cardano Price Analysis
Cardano (ADA) was being traded at $0.04301854 at the starting of the day and over the initial 8 hours and 34 minutes; it added 1.68% value to touch $0.04373951. It was followed by another set of escalation between 09:13 and 20:25 UTC. This escalation of 2.44% took the ADA price to as high as $0.04455402. The last major price variation started at 20:53 UTC, and by 00:08 UTC today, it gave another push of 1.15% to Cardano price and helped it to be placed at $0.04468896.
There has been a decent increment in the market cap of Cardano over these 24 hours. The market cap on Yesterday stood at 1.155 billion USD, whereas it has now touched 1.160 billion USD.
Cardano’s current price at 0.0446777 USD has managed a marginal lead over its short-term moving averages 50 & 20 days. As of now, there is no visible weakness on its way ahead for the near-term. We predict the ADA price to touch the next resistance point near $0.04514. However, investors may see a certain degree of price volatility on the intraday level.
|Cardano (ADA)||Resistance & Support Levels|