Cardano News

Cardano Price Breaches $0.038 Mark; Next Target $0.040

In the crypto market, the traders have waited long enough for the upside momentum in most of the coins’ price movements. The year has started on a good note. Within the period of 7-days, the altcoins have escalated and looked like the price recovery isn’t going to stop. Cardano price is trading upwards with an astounding pace. The coin has rallied by 4% in the last 24 hours.

Cardano Price Analysis

ADA NewsYesterday, ADA coin started dealing at $0.03470. The price escalated to $0.03597 by 3.65% hike. The currency kept a tight hold around $0.0359 for some time, and then, it escalated to $0.0365 by 1.58%. Further, Cardano’s price escalated to $0.03746 from $0.0365 by 3.67%. The day-long run reflected a 7.98% progression in the ADA price. Today, the currency began the day with an escalation of 1.41%. The price counters changed from $0.0374 to $0.0380. Later, the price traded to $0.03714 from $0.03793 by 2.34%.

The current price of the Cardano coin is $0.03741. A few hours, the coin was near the immediate resistance level at $0.0381. However, the currency slipped to 0.0371 and recovered again to $0.0374. As per the current trend, it is anticipated that the ADA price would jump to the immediate resistance level again.

Resistance Level Price
R1 $0.038156
R2 $0.03904
R3 $0.040781
Support Level Price
S1 $0.035531
S2 $0.03379
S3 $0.032906

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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