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%.
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.
