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$ 0.039018S1$ 0.034944
R2$ 0.040889S2$ 0.032741
R3$ 0.043092S3$ 0.03087
David Pender
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.

Must Read

The Volatile US Stock Market Traits Amidst Pandemic

The recent pandemic has been the most devastating thing that every single trade has experienced. Every business got impacted by this COVID-19 pandemic. With...

A Momentum Shift in NZD Could Lead to Test of 0.6490–0.6465

The New Zealand currency (NZD) woke up to a rude shock on Friday as it began trading lower after reaching the highest level since...

Chinese Yuan Leads Charge in the Risk-on Trades as USD Falls Flat

The US dollar suffered losses against the majority of the currencies on Thursday as rally in riskier assets such as commodities and global equities...

A New Dawn Ushers in as Binance Takes Over Swipe in Crypto World

Binance, one of the leading digital currency exchanges, has acquired the Crypto payments platform, Swipe, for a sum of money that has not been...

Dollar Sinks as Doubts Surface over Recovery

As the world economy is gradually recovering from the COVID-19 pandemic, the US services data provided everybody a zing of confidence, although the dollar...