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Will Cardano Continue to Move with Current Consistency?

byKelvin Maore
October 7, 2019
in Cryptocurrency News

Cardano price comparison over the past 5 days indicates an upward movement today. ADA was trading at $0.038521 as on October 2, 2019. The price of the coin continued to rise until the next day post which the price began to fall. It was being traded as low as $0.037515 on October 4, 2019. On the same day, ADA managed to reach the highest trading price of $0.040330.

Cardano Signals Bullish Momentum Amid Weakness

cardano price chart movement

 

ADA at present indicates a bullish run by 3.79% when compared with the lowest trading price of October 4, 2019.

Looking at the movement, we anticipate that the same trend will continue tomorrow also with Cardano attaining fresh heights amidst this bearish sentiment.

As per Cardano price forecast, the ADA price is expected to be traded in the range of $0.03812000 and $0.03885000 today. As per the movement of the coin over the past 5 days, we suggest trading from a long-term perspective. The MACD indicator also reflects the bullish trend for the coin above zero whereas the RSI of the coin is around 60, showing no extremities at present.

Read more: Chainlink Trades Above the Baseline with Moderate Volatility

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Kelvin Maore

Kelvin Maore

Kelvin M. Maore is a seasoned crypto market analyst with half a decade of hands-on expertise. Through concise updates and a creative flair for storytelling, he demystifies blockchain developments, guiding readers confidently through every market twist.

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