Cardano Price Analysis: ADA Coin Attempts to Gain Momentum

The Cardano group is working easily to discharge the Shelley Testnet for its clients. This has been a significant improvement for the Cardano supporters and for the entire venture that was in a developing stage since it was pronounced a couple of years back.

ADA price comparison over the past several days indicates that it may trade upwards today. 1.74% growth presented by Cardano coin at the start of December 01, 2019. On the next day, ADA coin dropped to $0.03781104, but the currency managed to reach $0.03841926. On December 4, 2019, Cardano witnessed a sharp fall, with a price falling as low as $0.03651508. Despite this drop, the coin managed to soar up by 6.18%. Though the trend is bearish now, the coin price may rise soon.

ADA/USD ChartCardano presently exhibits a downfall by 5% since December 9, 2019. However, it seems to be showing some movement upwards and should be able to rise to its immediate resistance of $0.038 in some time. It is strongly recommended to hold ADA coin today as per the trend. The price movement of Cardano has seen many ups and downs since the start of the month.