Connect with us

Hi, what are you looking for?

ELEVENEWS

Cardano [ADA]

Cardano Fails to Retain its Fort; May Seek the Support at $0.045 Soon

Cryptocurrency Cardano in the man's hand. ada
  • Cardano loses 0.5% in the last 24 hours.
  • The next support for Cardano may come at 0.045 USD.

Cardano could not stand the heavy pressure exerted from the market and lost almost half a percent in the last one day. It is now roaming around 0.047 USD. The three price swings of Cardano had a trading range between 0.047 USD and 0.045 USD.

ADA to USD Price Analysis:

Cardano Price
Cardano Chart By TradingView

Cardano’s first swing started around 01:54 UTC and in the next 11 hours and 9 minutes, it lost 4.31% and got placed at 0.045663 USD, the lowest of the day. Later, it got strengthened by 3.96% and made it to trade around 0.0474666 USD by 21:38 UTC. Later it started falling towards the closing of the day. Between 21:38 UTC and 04:58 UTC, it cut 1.04% to touch 0.046973 USD. This fall had a break at 0.046882 USD.

Cardano Price Prediction:

Cardano has started the price correction process like all other coins and in the next few days, it may have to suffer more. The next support may come at 0.045 USD. However, the medium-term of Cardano is likely to be bullish.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.047
2nd Resistance$0.048
3rd Resistance$0.049
1st Support Level$0.046
2nd Support Level$0.045
3rd Support Level$0.044

Source.cryptonewsz

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews