- Cardano managed a 0.81% hike in the past 24 hours and touched 0.034644 USD
- It is likely to find the next resistance at 0.035203 USD
Cardano’s way towards a bullish mark seems to have slowed since quite some time now. Though there has not been a massive fall over the past 24 hours, and the volatility is significant. Although, it has managed to get a push of 0.81% in this period marking three major price variations.
Cardano Price Analysis
Cardano was being traded at 0.034364 USD at the onset of the day and it was at 00:40 UTC when it started growing. Over the next 3 hours and 22 minutes; it managed to get a hike of 2.03% that placed the value at 0.034896 USD. It was followed by some hours of price fluctuations until 09:02 UTC, when it started showing strength again. By 16:25 UTC, the value could climb up to 0.035273 USD, marking a 2.61% increment. However, unable to manage ADA exhibited an abatement to find itself locked at 0.034206 USD after a price shrinking of 3.02%—marking the lowest or the day.
Cardano’s current value at 0.034644 USD has managed to go above its 50-day MA (0.034592 USD) and 20 days MA (0.034611 USD) with a good gap of 0.15% and 0.09% respectively. Cardano may not be a party to any kneejerk movements. However, we predict a moderately bullish trend in the coming few days. It may find the next resistance at 0.035203 USD anytime this week. Investors are advised to look at the bright side and wait for the rally that seems imminent by the end of this quarter.
|Cardano (ADA)||Resistance & Support Levels|
|1st Support Level||$0.0343|
|2nd Support Level||$0.0340|
|3rd Support Level||$0.0335|