- 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 Price Analysis
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.
Resistance & Support Levels
R1- $0.05800, R2- $0.05902 and R3- $0.06033
S1- $0.05566, S2- $0.05435 and S3- $0.05333