- Cardano gains 1.87% in the last 24 hours
- The next halting point for ADA may come at $0.0336
Cardano seems to have taken advantage of the market-wide price recovery. Like most of its peers, it managed an overall hike of 1.87% that took the ADA price to $0.03401542. Over the last 24 hours, it has witnessed three major price swings in the range between $0.0331 and $0.0349.
ADA coin opened the day at $0.0333, and its first swing happened between 00:29 and 15:59 UTC. Over these 15 hours and 30 minutes, Cardano managed to add $0.0006 and pushed the price to $0.03381. It was followed by another stint of a hike that happened between 16:16 and 19:34 UTC. This hike of 3.95% took the Cardano price to $0.0349. At 19:34 UTC, ADA coin started weakening and faced a price drop by 01:31 UTC to touch $0.0339.
ADA Price Prediction
The market cap of Cardano, however, has shown a huge decline over the last 24 hours. On December 26, it was at 888.809 million USD, and today, it has been decreased to 885.244 million USD. The market cap has not been able to touch 900 million USD since December 15.
Cardano’s 20 days MA stands at $0.03407846, and it’s 50 days MA is now at $0.03407162. The current price of ADA coin at $0.03401542 is 0.16% and 0.18% less than the 50 days and 20 days MAs, respectively. Trade99’s analysts predict that the currency may not show any unprecedented significant change over the next few days. As per the placement of both the averages above the current price, Cardano may trade downwards slightly and the next support may fall at $0.0336.
Resistance & Support Levels
R1: $0.03485, R2: $0.03542 and R3: $0.036075
S1: $0.03362, S2: $0.03297 and S3: $0.03240
