Cardano price movement seems affected by the recent price drop, and it dropped to $0.023 due to the same. A few days back, the ADA price was spotted around $0.019, but soon the coin started recovery. In the last 2 days, the coin was seen hovering as high as $0.028976 on March 14, and yesterday, it was spotted at a high as $0.028789.
Today, ADA coin started dealing with moderate momentum and even exhibited a slight uptrend. In the later hours, it began a regressive trend and slipped to $0.023. The chances of improvement are very thin. However, if the market adopts the growth, then it might be seen trading in a higher range.
Cardano Price Analysis
Yesterday, ADA coin started dealing at $0.0254 during the opening hour. In the next 6 hours, the price shifted to $0.0266 by 4.28% hike, and later, the currency is spotted hovering around the same level. Further, at 10:06 UTC, Cardano price escalated to $0.0279 by 5.81% but couldn’t hold itself tight and thus dribbled to $0.0262. ADA price was spotted hovering around the same, and around 21:00 UTC, the coin price escalated till 22:00 UTC, from $0.00257 to $0.0289 and again dribbled to $0.0262 by 9.28% fall.
Today, Cardano coin started with a plunge, and in the next 6 hours, the price counters shifted from $0.0262 to $0.0247 by 7.76%. Then, the currency continued the downside momentum, and in the next 3 hours, the price plunged to $0.0215 by a massive decline of 13.38%. As per the MACD indicator, a histogram is reflecting bullish divergence. The MACD line has overlapped the signal line and thus formed a bullish crossover. The traders interested in the ADA coin are recommended to hold on their investment until it reflects slight stability in its price trend.