As the market is slowly recovering from the last few days’ regressive movements, Cardano seems to have pioneered. Over the last 24 hours, it has managed to get a boom to the extent of 8.69%. ADA coin currently trades around $0.026526.
Cardano Recovers From $0.022 & Eyes $0.0272
The currency has shown a decent recovery from the past few days’ downtrends. On March 16, ADA coin reflected strong downside movement, and the price fell to a low of $0.022. However, from this low, it started recovery, and yesterday, the coin was at $0.024405 in the first hour. By 08:20 UTC, it marked a decent hike of 9.14% and touched $0.026636. It was followed by a 6.59% decline in the value that pulled Cardano price down to $0.024881 over the next 5 hours and 43 minutes. However, the currency couldn’t stay at this low for long and started moving upwards. Between 14:03 & 03:47 UTC, ADA coin’s price got boosted by 6.82% and reached $0.026567.
Cardano’s RSI stands at 61.79 points, and it is slowly catching up to the market expectation. The current price of ADA has moved ahead of the 20 days MA and 50 days MA by a marginal difference. As per the ADA price forecast, Cardano may soon touch the resistance point at 0.027289 USD.
Resistance & Support Levels
R1: $0.00262, R2: $0.0272 and R3: $0.0283
S1: $0.0241, S2: $0.023 and S3: $0.022
