The crypto market crashed today by taking Bitcoin to $6,910 and Ethereum to $132. The fall was tremendous, and thus, Cardano revisited the 90-days low price once again after November 25, 2019. Unlike other coins, ADA coin didn’t breach the level and exhibited recovery.
Cardano Slips Below Support
Yesterday, ADA coin started dealing t $0.0365. The currency slipped to $0.0359 by 1.71%. Further, the coin dropped to $0.0341 by 4.79%. The fall remained intact and took the coin to $0.333 by 2.51%. However, the price improved and jumped to $0.0348 by 4.70%. The closing hour of the day brought the currency to $0.0338 and closed the day. The day-long movement in Cardano reflected a 7.47% fall in the price. Today, the ADA price is spotted slipping from the beginning of the day. The drop is noted as 0.90% and the counters moved from $0.0338 to $0.00335. There was slight uptrend during the opening hour and coin went to $0.0341 but couldn’t stay for long and fell.
Cardano is at present dealing around $0.0336. The coin has breached the immediate support level. The chances of violating the next support level at $0.0317 have turned thin. As per ADA prediction, the ADA coin might improve but isn’t likely to touch the immediate resistance level at $0.0361.
| Resistance Level | Price |
| R1 | $0.036127 |
| R2 | $0.037985 |
| R3 | $0.039254 |
| Support Level | Price |
| S1 | $0.033 |
| S2 | $0.031731 |
| S3 | $0.029873 |
Ideally, Cardano is recommended for the long-term investment, but as per the current scenario, we would suggest to hold on for a while and wait for the market to improve.
