- Cardano price has been shot up by 3.87% on the last day and touched $0.0577
- Currently, it reflects price consolidation after registering strong upside momentum
ADA coin seems to have continued to push itself beyond limits. Over the last 24 hours, it has been inflated by a moderate 3.87%. The current value stands at $0.057733, and the continuation of this trend may take the price near $0.058 anytime soon.
Cardano Eyes $0.058 as Market Cap Rises
ADA price was at $0.055578 at the time of the opening of February 03. Over the initial 1 hour and 54 minutes, it climbed up the hill to add 3.55% and got placed at $0.057552. It was followed by a gradual price fall of 3.65% that cost it $0.0021 and pulled the price down to $0.055450 by 15:59 UTC. This was the lowest point for the currency in the last 24 hours.
Cardano started strengthening since then. By 01:09 UTC today, it soared by 4.17% and traded to the highest point of the day at $0.057765. However, from the last two days, ADA coin spotted trading in a similar range with moderate upside momentum. Hence, as we predicted earlier for Cardano coin that it may breach the next resistance $0.058 in the upcoming hours, but it is difficult to break the major one at $0.060.
There has been a marginal increment in the market cap of Cardano as well. Between February 03 & 04, the market cap has been increased to 1.493 billion USD from 1.477 billion USD.
Cardano’s current price at $0.057733 is almost 0.35% above its 50 days MA ($0.057524) and 20 days MA ($0.057547). The coming days are going to be bullish for ADA. However, on the intraday level, investors may see huge price fluctuations. Click here to get more details about Cardano predictions.
Resistance & Support Levels
R1- $0.05800, R2- $0.05902 and R3- $0.06033
S1- $0.05566, S2- $0.05435 and S3- $0.05333
