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Cardano (ADA) Exhibits a Massive Gain of 8.87% Overnight

byKelvin Maore
February 12, 2020
in Cryptocurrency News
  • Cardano adds 8.87% value in the last 24 hours
  • The next halting point for ADA may come at $0.06610

Cardano price trend has been strengthened by a whopping 8.87% hike over the last 24 hours, and the current value has touched $0.065546. The price movement of ADA coin has been moderately stable in the initial hours of yesterday but later marked gradual upside movement and also breached the previous 90-day high and record a new one at $0.065251.

Cardano Intraday Price Chart

Cardano(ADA) Price News
ADA/USD Chart by TradingView

Cardano coin opened the day at $0.060205, and over the initial 8 hours and 33 minutes, it lost 2.33% value and got down to the lowest point of the day at $0.0588. Then the ADA coin started trading upwards, and it was recovered by a 6.63% hike that added $0.0039 to the value and reached $0.062700 by 18:21 UTC. The last variation happened between 18:52 & 01:46 UTC today. Over these 6 hours and 54 minutes, Cardano’s price has been shot up by 5.98% and reached the highest point in the last 24 hours at $0.065543.

Cardano Price Prediction

ADA coin continued its trading with an overall bullish momentum from the last few days even though it faced few price drops, and then, it corrects upwards again. Cardano’s current price is trading above both its short-term daily moving averages 50 days & 20 days by a decent margin. ADA price is likely to retain this bullish stand in the near-term. As per the cardano price forecast by experts, the ADA price may soon touch the next resistance point at $0.06610.

Cardano (ADA) Resistance & Support Levels
1st Resistance $0.06466
2nd Resistance $0.06610
3rd Resistance $0.06897
1st Support $0.06035
2nd Support $0.05748
3rd Support $0.05604
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Kelvin Maore

Kelvin Maore

Kelvin M. Maore is a seasoned crypto market analyst with half a decade of hands-on expertise. Through concise updates and a creative flair for storytelling, he demystifies blockchain developments, guiding readers confidently through every market twist.

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