Home Technical Analysis Cardano Price Drops to 90-Day Low at $0.034

Cardano Price Drops to 90-Day Low at $0.034

  • Cardano price falls tremendously
  • The downtrend is speculated to remain intact for a while

Cardano (ADA) is spotted under huge market pressure. Yesterday, the price slipped to the 90-days low. ADA coin is likely to embark on improvement in the price in some time. Most of the coins exhibiting loss including Bitcoin. Today, Bitcoin is dealing around $7,200.

Cardano Price Analysis

Yesterday, ADA coin started dealing at $0.0384. The coin kept hovering at the same level for a while. In between, the coin touched $0.03895, but later, it fell to $0.0384 again. Further, Cardano price slipped to $0.0366 from $0.03857 by 5.11%. ADA coin price recovered in the later hours and jumped to $0.03899. The coin couldn’t hold itself at the level and fell to $0.03516 by 9.93%. The price pull remained intact and dropped to $0.0344. The ADA price escalated in the later hours and touched $0.03835 by 11.35%. The day closed at $0.03721. Today, Cardano slipped to $0.0366 by 1.60%.

Cardano Price

 

Cardano price is currently dealing at $0.03667. The coin is moving towards the immediate support level at $0.0349. It looks like the coin would breach the same in the coming hours. ADA coin is recommended for long-term traders, but keeping in mind the current market scenario, the traders are suggested to keep a hold on the investment.

Resistance Level Price Support Level Price
R1 $ 0.039018 S1 $ 0.034944
R2 $ 0.040889 S2 $ 0.032741
R3 $ 0.043092 S3 $ 0.03087
David Pender
David is a journalist interested in writing news-stories regarding forex. He has been in forex industry since 2014. he recently, joined our team as a news writer. He studied mass communication and has 7+ years of experience. He is an avid trader. He can be reached by email: david@forexnews.world.

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