Home Technical 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

Views of Chamath Palihapitiya on Bitcoin

A lot of factors drive the world of cryptocurrency and blockchain technology, and one of the most sophisticated factors that we are going to...

Everything You Need to Know About Forex Scams

Foreign trading or forex trading is the trading of different foreign currencies listed in a pair known as forex pairs. The parties involved in...

Following The Success Of Covesting’s First Five-Star Trader

Weeks ago, a challenge was put out amongst the trading community: try to become the first five-star Covesting trader. At the time, the feat...

THINK OF AD WORLD: THINK OF GLADIO.COM

From how to look, what to wear, what to eat, what to drive, almost everything in our lives is taken care of. That is...

Coinitix Makes it Possible for Users to Buy Bitcoin Using Credit Cards

People interested in investing in cryptocurrencies always felt a void when using credit cards to buy Bitcoins through a secure exchange. But now, things...