Cardano’s volatile price trend for the last 30 days has made its investors lose big. Over the last month, ADA coin has been down by 11.27%, and for the major part of the month, the currency was struggling to be retained at 0.032 USD price point. Currently, the coin stands at 0.03236594 USD.
ADA coin’s first swing started on December 04 when it strengthened by 6.72% over the next 4 days to find the comfort of 0.03893 USD, the highest in the last 30 days. However, Cardano coin couldn’t sustain its trend for long there and pursued a bearish path to lose 20.67% and got pushed to 0.03086 USD by December 18. This was the lowest point for ADA coin for the month and created a lower margin for movement. The next swing saw an upsurge by Cardano cryptocurrency to the extent of 4.26% that added 0.0013 USD and helped the price to reach 0.03217 USD by January 02.
ADA Likely to Face Resistance Near $0.034
Cardano’s 20 days MA (0.03252613 USD) and 50 days MA (0.03286899 USD) have already found a significant lead over its current price. ADA coin may not see any gaining moves in the next coming days, and we predict Cardano coin to find its next support at 0.032297 USD soon. However, as per the volatile movement of last week, the currency may reverse the current trend and trade towards its next resistance $0.034. Investors are advised to take advantage of the short-term price surge in the intraday trade. As per the current price trend and Cardano prediction, the currency might continue to reflect volatility before registering recovery.
Resistance & Support Levels
R1- $0.033356, R2- $0.033961, R3- $0.034415
S1- $0.032297, S2- $0.031843, S3- $0.031238
