Cardano News

Cardano’s Value is Racing up; Gained 11% in a Day

  • Cardano’s price against USD has been raised by 11.07% overnight
  • It may soon stumble upon $0.0742 as its next resistance point

Cardano price has been pumped up by 11.07% in the last 24 hours, and the current value remains at $0.070923. The ongoing bullish run is likely to stay in the short-term, and investors are likely to yield even more.

Cardano Price Analysis

ADA coin opened the day at $0.063851, and over the first 12 hours, it gathered $0.0031 and reached $0.06695. It was followed by another steady price boom to the extent of 6.66%. It happened between 13:16 & 19:05 UTC. In these 5 hours and 49 minutes, Cardano lifted its price to $0.07036450. The last swing started at 19:40 UTC, and by 02:41 UTC today, ADA fetched a hype of 3.34% value and touched $0.07078962.

Cardano (ADA) Price

Cardano’s current price is at $0.070923, and it is currently placed above its 50 days MA ($0.070096) and 20 days MA ($0.070569). ADA price is likely to retain the ongoing bullish spree for some more days. The next resistance seems likely at $0.074226333.

Cardano (ADA) Resistance & Support Levels
1st Resistance $0.07129
2nd Resistance $0.07422
3rd Resistance $0.07827
1st Support $0.06431
2nd Support $0.06026
3rd Support $0.05733

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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