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Cardano (ADA) Reverses Yesterday’s Downtrend

Written byRajpalsinh Parmar
Edited by Niharika Deshpande
January 14, 2020
in Cryptocurrency News
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Cardano price trend exhibits a great improvement today. The growth in the coin is speculated to last for a while. The traders who are planning to invest in ADA can dig-in for the long-term. The coin might be seen enrolling among the top ten cryptocurrencies. Apparently, the coming period is likely to be flourishing for the coin.

Cardano Inches Toward $0.0388 Resistance

ADA coin started dealing at $0.0377 on yesterday’s chart. The currency slipped to $0.0368 by 2.44%, and then it jumped to $0.0373 by 1.27% in the later hours. Cardano price slipped to $0.0368 by 1.23%. After that, there was a slight improvement marked in the coin’s movement. The ADA price jumped to $0.0370 by a marginal hike of 0.72% and closed the day. However, the intraday movement brought a regression of 1.72%.

TV ADA price chart

 

Today, Cardano began with an escalation. The price jumped to $0.0378 by 1.93%. There was a slight slip to $0.0377 by 0.20%. The price improved and touched $0.0382 by 1.23%. The currency dropped to $0.0376 by 1.41%. Recently, the price of Cardano improved and touched $0.0379 by 0.72%.

ADA has already breached the immediate resistance level at $0.0383. According to the current momentum, it wouldn’t be a surprise if Cardano coin closes around the major resistance level at $0.0388. The current movement is likely to be good for long-term traders. Click here for an updated Cardano price prediction for further price fluctuation. The short term is likely to be chancy; hence we wouldn’t recommend the same for the interested investors.

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Rajpalsinh Parmar

Rajpalsinh Parmar

Rajpalsinh Parmar is a crypto journalist at NameCoinNews with three years of experience covering the fast-moving world of Web3, NFTs, and blockchain technology. He tracks everything from NFT market cycles and metaverse platform developments to altcoin project launches and DeFi innovations. Rajpalsinh has a particular focus on emerging blockchain ecosystems and the convergence of gaming, culture, and decentralized technology. His reporting keeps a close eye on builder activity, tokenomics, and protocol-level changes that shape long-term market narratives.

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