Home Price Analysis Cardano Price Drops by 6% During Intraday Movement

Cardano Price Drops by 6% During Intraday Movement

Cardano is spotted battling with the bears from the past few days. The same is speculated to last for some time. Yesterday, ADA price was spotted dealing as high as $0.041249 and as low as $0.037141. The volume was marked at $67,101,708.

Cardano Price Analysis

Yesterday, ADA coin started dealing at $0.04093. The price dropped to $0.039011 by 4.70%. Later, the price continues to drop to $0.03736 from $0.039011 by 4.12%. Further, Cardano price escalated to $0.03895 by 4.27% hike. The overall intraday movement in the coin marked a 6.23% loss. Today, the coin opened at $0.03837. The coin kept trading at the same level. The ADA price slipped to $0.03676 from $0.03854 by 4.58%. The currency recovered in the later hours and jumped to $0.03868 by 5.20%. Later, the price of Cardano slipped to $0.03581 by 7.42%.

Cardano Price

ADA coin is speculated to give considerable results in the future. The currency dropped to $0.035, and later it recovered and touched $0.03613. There is a strong possibility for the coin to reverse the price movement and climb to the immediate resistance level at $0.040.

Resistance Level Price Support Level Price
R1 $0.040528 S1 $ 0.037006
R2 $ 0.042649 S2 $ 0.035605
R3 $ 0.04405 S3 $ 0.033484

 

Cardano price is anticipated to improve in the coming days. The traders are recommended to pick long-term investment as the coin is likely to give a massive profit in the same time frame.

Timmy Murphy
Timmy Murphy
Timmy is a crypto and finance analyst. He deals with finance news-stories. He has completed his graduation in accounting and Finance. He is also a blogger and is famous for his finance blog. For any issues, feel free to contact him at email: timmy@forexnews.world

Must Read

Maruti Suzuki Partners with Federal Bank for Retail Car Financing and Dealer Loans

India’s biggest car manufacturer Maruti Suzuki has got into a partnership with private lender Federal Bank to provide dealer loans and retail car loan...

AIR WALLET and Sangseung’s Standing Foundation Signs MoU to Catalyze the Use of Cryptocurrencies

AIR WALLET, the world’s first digital wallet and multifunctional platform that provides the users to interact with both blockchain and non-blockchain based projects, has...

Tehan Urges Australian Schools to Endorse “Back to Basics” Approach for Education

Dan Tehan, the education minister of Australia, has insisted on the education authorities to endorse the “back-to-basics” approach in their classrooms. After attending a...

HDFC Bank Subsidiary HDB Financial to Raise $300M in Overseas Loan

Indian bank HDFC Bank’s subsidiary HDB Financial is raising $300 million in overseas loans. It is going to be the unit’s first-ever syndicated overseas...

Russia and OPEC Get Ready to Finalize Further Oil Production Cuts

Members of The Organization of the Petroleum Exporting Countries (OPEC) and those outside it are meeting in Vienna, Austria, today to finalize further cuts...