Cardano coin has been through large price fluctuations over the last 24 hours. The value has been pulled down by 0.92%, and the current value is now at $0.040821. Any significant improvement in the ADA value seems unlikely in the coming few days.
Cardano Price Analysis
ADA coin opened the day at $0.041201, and over the next 3 hours, it managed a hike to the extent of 3.79% and got placed at $0.042762. At 02:55 UTC, the price started slipping and by 05:15 UTC, Cardano’s price has subsided by 6.37% and got placed at $0.040040, the lowest point for the coin in the last 24 hours. However, after that, Cardano’s price started marching upwards. Over the next 18 hours, the currency price soared by 8.04%, and the value reached the highest point at $0.043257. Then, the ADA coin marked a steep fall and this downside movement happened between 00:08 & 01:38 UTC. In this one and a half hours, Cardano’s price has dropped by 6.52% and locked itself at $0.040429.
ADA coin’s current price at $0.040821 is trading above its 20 days MA ($0.040725) by a decent margin. However, it is yet to make any advancement over the 50 days MA ($0.041129). The currency may have to witness a moderate movement in the upcoming days. It may soon fall to the support of $0.039421 by the weekend.
Resistance & Support Levels
R1: $0.043538, R2: $0.044523 and R3: $0.046089
S1: $0.040987, S2: $0.039421 and S3: $0.038436