- 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 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|