- ADA/USD has been up by 9.53% over the last 24 hours, and the current value has reached $0.029363
- The price may soon reach the next resistance at $0.030634
Cardano has followed the overall market suit and added 9.53% in one day in its value. It is currently being traded at $0.029363 after an almost 0.003 USD gain. Investors may witness the continuation of the current trend for some more days.
Cardano Recovers After 12% Surge
Yesterday, Cardano coin was trading under the bearish influence, but around closing time, it marked a strong recovery. Yesterday, the ADA price was trading at $0.0268 in the first hour. Over the next 13 hours, it managed an upsurge and added 12.09% in the value. This swing took the Cardano price to the highest point of the day at $0.030047. However, it couldn’t stay there for long and started trading downwards. By 15:44 UTC, the price dropped by 6.17% and got confined to $0.028194. The last swing happened between 15:44 & 00:25 UTC of today. In these 8 hours and 41 minutes, ADA coin got intensified by 6.59% and added $0.0018 and reached $0.03005.
Cardano’s current value is trending below its short-term moving averages, namely, 20 & 50 days. The RSI figure stands at 37.87 points, and it is slowly increasing. The investors may see some sudden increments in the upcoming few days. As per ADA predictions, The coin next resistance seems possible around $0.03063. However, due to ongoing volatility, ADA may reverse the upward momentum and correct down to the next support around $0.027.
