Like most of its peers, Cardano’s price has been pushed to add 2.49% over the last 24 hours. It is currently being traded around $0.032041, and it may continue to grow marginally in the coming few days.
After hitting a $0.028 mark on March 30, ADA coin marked slow and steady upside trading and managed to regain its price level above $0.032.
Cardano Rebounds Above $0.032 After 8.4% Spike
Yesterday, the currency was trading at $0.03126 at the starting of the day, and it has continued to trade in a similar range with marginal volatility. In the next 6 hours and 23 minutes, Cardano’s price was down by 0.73% and reached $0.031032. Later, ADA coin exhibited an immense hike of 8.43%, and the price touched a high of $0.03364 by 17:03 UTC.
Further, the currency couldn’t manage to hold its momentum at this high and started correcting downwards. Between 17:03 & 20:30 UTC, Cardano coin witnesses a price drop. This variation cost 6.57%, and its value got confined to $0.031434. Then again, the coin managed to regain its price level above $0.032 by 01:55 UTC today. In these 5 hours and 25 minutes, ADA coin added a 1.91% value.
Cardano’s current price at $0.032041 is trending below its 20-day MA by marginal difference. The RSI of ADA coin is now around 51, which shows no extremities. As per the current trend, the coin may correct down to its immediate support of $0.0308. However, as per Cardano price forecast, if the trend reverses, the coin’s next resistance point seems likely around $0.033.
