Cardano News

Cardano Shows a Massive Yet Gradual Price Rise in a Week-long Run

  • Cardano has gained a whopping 29.31% in the last seven days
  • It may soon seek shelter at the support of $0.0533

Cardano has witnessed a steady upward momentum since the last week. There has been an increment of 29.31% in this period, and the price of ADA coin traded from $0.043201 to $0.055867.

Cardano Price Analysis

ADA coin started the week at $0.043201 on January 24, and its first major variation happened over the next three days. By January 28, it managed a boom of 27.29%, and the price reached $0.052483. It was followed by another price hike. It happened between January 28 & 29. In this one day, Cardano coin fetched a hike to the extent of 14.42% and got pushed to the ace point of the week at $0.057218. Later, ADA coin couldn’t manage at this point. The last swing took the price through a slope of 6.41% and confined it to 0.053549 USD by January 30.

Cardano NewsCardano’s current price at $0.055867 is moving with a significant gap from its 50 days MA ($0.056304) and 20 days MA ($0.056266). Investors may witness a higher degree of price fluctuations in the medium-term. However, as per the current movement, the next halting point for ADA is likely to come by $0.053.

Cardano (ADA) Resistance & Support Levels
1st Resistance $0.05784
2nd Resistance $0.05961
3rd Resistance $0.06235
1st Support $0.05333
2nd Support $0.05059
3rd Support $0.04882

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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