Cardano’s price movement over the last 24 hours saw many price fluctuations. However, overall, it has traded upwards by 2.45% change in this period and took the price to 0.03843 USD. ADA coin may see the continuation of this uptrend in the upcoming days as well.
Cardano Price Analysis
ADA coin was at 0.03751469 USD at the starting of the day, and its first major price swing happened between 00:14 and 13:32 UTC. Over these 13 hours and 18 minutes, Cardano price slipped by 4.12% and took the price down to 0.03642 USD, the lowest for the day. It was followed by a 3.12% hike that added 0.001138 USD by 19:31 UTC and touched 0.03756 USD. The next few hours were a little volatile and at 22:18 UTC, ADA coin started gaining momentum again. It could lift the price by 5.64% and placed the coin price at 0.03873115 USD by 01:31 UTC today.
Cardano’s current price (0.03843558 USD) is going well above its 50 days MA (0.03838825 USD) and 20 days MA (0.03834395 USD). This hints at further strengthening of ADA coin in the coming few days. The next resistance for the currency may fall at 0.038 USD with a moderate level of volatility. Investors are advised to wait for the coin to reach its full potential as the medium-term outlook seems bullish for Cardano.
|Cardano (ADA)||Resistance & Support Levels|