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.
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 |
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