- Cardano (ADA) price movement exhibits strong hold around $0.048
- The coming period is likely bring improvement
Cardano has been under tremendous selling pressure from last couple of days. The traders are eagerly waiting for an improvement in the price. Well, today, the coin is reflecting tight hold over the momentum and we do not project volatility, presently.
The current market cap of Cardano is $1,285,993,040 and the 24-hour volume is $151,923,465 and the intraday movement in Cardano is expected to remain dull. However, the future of the coin is anticipated to be great.
Cardano Analysis: Support at $0.0467 in Sight
Yesterday, Cardano was trading at $0.0499. The price escalated to $0.0512 in the next two hours and the crypto dribbled to $0.0482 by 5.70%. Later, the price escalated to $0.0494 by 2.42%. Unable to hold, Cardano plunged to $0.0469 by 5%, just to escalate back at $0.0483 and face volatile drop at $0.0468 by 3.13%.
Again, Cardano escalated to $0.0492 by 5.00% and dropped to $0.0475 in 5 hours followed by a rise of 2.88%. The intraday movement in Cardano reflected a downtrend of 1.32% in the price. Today, Cardano began with an escalation but later dropped to $0.0487 by 2.34% at 01:17 UTC. The price is hovering around the same level since then.
The MACD chart is reflecting a slight bearish crossover as the MACD line crosses above the signal line.
Cardano is currently at $0.0489. The price looks like dribbling to the immediate support level at $0.0467. As per the Cardano price forecast, if the coin momentum reverses, then the price could escalate to $0.0508.
R1: $0.050854 R2: $0.053093 R3: $0.054979
S1: $0.046729 S2: $0.044843 S3: $0.042604
