Cardano (ADA) Changed the Course Unexpectedly; Got Pumped Up by 1% Overnight

ADA Coin News

Cardano’s volatile week seems to have found the perfect moment. ADA coin has gone beyond its earlier predicted resistance point, and over the last 24 hours, it managed a 1% increment when most of its peers are struggling. The currency may not fall to the sluggish trend again. However, no ultra-bullish zone is anticipated either.

Cardano Price Analysis

ADA coin started the day at 0.033673 USD. Its first major price variation started at 01:13 UTC when it was at the lowest of the day at 0.033309 USD. Over the next 12 hours from there, Cardano price jacked up by 2.04%, and it could add 0.00068 USD.  It was followed by another bullish stint when ADA pushed the price by 2.57% to scale it to 0.03465 USD by 20:26 UTC. Cardano coin also fell to the market-wide price correction phase and lost 1.73% by 03:13 UTC to find itself at 0.03405 USD by 03:13 UTC today.

Cardano NewsThe recent hike in Cardano price has left both the 50 days MA (0.03408 USD) and 20 days MA (0.034061 USD) behind by a good margin. ADA’s unexpected gain has brought confidence among the investors, and it is likely to pay off in the medium-term. Though no unprecedented hikes are anticipated, for now, resistance is possible at 0.034852 USD.

Cardano (ADA)Resistance & Support Levels
1st Resistance$0.034852
2nd Resistance$0.035421
3rd Resistance$0.036152
1st Support$0.033552
2nd Support$0.032821
3rd Support$0.032252