Cardano (ADA) Exhibited a 9.62% Hike Over the Last Week
Cardano’s last seven days have been moderately bullish with a gain of 9.62%. It currently trades at $0.035709. There have been three significant price variations in the ADA’s price changing pattern of last week.
Cardano Price Analysis
ADA price was at $0.032575 on January 03, and over the next three days, it went on adding $0.00369 to find itself at $0.03626. Another stint of a bullish run followed it. Between January 06 & 08, Cardano coin managed a boom of 7.86% that took the price to a weekly high of $0.038667. However, the currency couldn’t sustain its price at this high and fell by 7.85% over the next two days. The current price of Cardano is roaming around $0.03563.
ADA’s current price ($0.035709) is lagging behind its both the 50 days MA ($0.035847) and 20 days MA ($0.03598). The currency may have a little volatility in the intraday level. As per the current trend and our analysis, it may soon find itself at the next resistance point of $0.0366. The medium-term outlook also seems to cater to a bullish ride.
Resistance & Support Levels
R1: $0.03664, R2: $0.03693 and R3: $0.03741
S1: $0.03587, S2: $0.03538 and S3: $0.03510