Cardano is slowly paving its way in the upward range despite the ongoing crypto market volatility and the price moving in the downward direction at the end of the period. The 3-month price chart shows the price of ADA coin putting up a good show though there was continual bear pressure with the price moving between $0.032 – $0.0448.
Cardano Price Analysis
ADA price seems to have had enough of the bear momentum and has managed to withstand the strong bear pressure for most of the 3-months. The coin started on a low note at $0.0365 on September 30. Then, it had a good rally to the extent of 14.79% on October 14 at $0.0419. There was a slight downward movement of 13.74% recorded on October 24 at $0.0362. Cardano coin fought back the bear pressure, and the price reached a high of $0.0448 by 23.37% on November 18. After that, the price fell to $0.0347 showing a downward movement of 21.05%. On November 29, the price rose to $0.0411 with an upward swing of 18.73%. On December 18, the bears got stronger and pushed the Cardano price downwards to $0.0323. Today, the price of ADA is at $0.0340 showing an upward movement to the tune of 5.26%.
ADA coin is succeeding in its pursuit of a better price marking as it has been able to withstand bear pressure for the most part of the three months though bear pressure got to it at the end of the term. Experts expect the coin to go for a stable run in the near-term.
Investors can keep track of the crypto market trends and continue to hold their investments from a long-term perspective.