- ADA gained 1.72% value on the last day, and it currently trades at $0.060426
- The ongoing bullish ride will be stretched for a while and may push the price to the next resistance point of $0.061
Cardano Price Analysis
Cardano seems to have continued its effort for a bullish ride. Over the last 24 hours, the price has been increased by 1.72%. It currently trades at $0.060426, and on the last day, it has been through multiple price fluctuations.
Yesterday, ADA coin opened the day at $0.059399, and over the initial 54 minutes, the currency faced a steep fall of 1.80% that took Cardano price to $0.058331. Later, the coin price spotted gradual increment, and on 13:09 UTC, the coin marked 4.12% hike and pushed ADA price to $0.060736, the apex point for the currency.
The next 40 minutes saw a sharp and unprecedented decline, and Cardano’s price was confined to as low as $0.058199, the lowest point of the day. However, it took no time to rise again. Between 13:49 & 01:12 UTC of today, Cardano managed a hike of 4.08% and got placed at $0.060576.
ADA coin’s current price at $0.060426 is already moving ahead of its short-term daily SMAs. This hints at the continuation of the ongoing bullish trend in the short-term. However, the bull dominated market mood may get destabilized by a few sudden spikes in the value. As per the current trend, Cardano may touch the next resistance point at $0.061.
Resistance & Support Levels
R1: $0.06080, R2: $0.06185 and R3: $0.06312
S1: $0.05848, S2: $0.05721 and S3: $0.05616