- ADA price has finally started the much-awaited rally
- The coming days might help the traders recover from previous losses
Cardano price movement has been quite disappointing from a long time. The improvement was long-awaited by the traders and the same has finally arrived. The first two days of 2020 were sluggish but from yesterday, the coin reflected moderate uptrend. The anticipation of the coming time is pretty positive. The traders who were getting double-minded can dig-in with a high prospect of return.
Cardano Price Analysis
Yesterday, ADA coin started dealing at $0.0326. The price slipped to $0.0322 by 1.05%. The price escalated to $0.03404 by 5.56% hike. Cardano price dropped to0020$0.03345 by 1.75%. After that, the price again picked up and touched $0.03390 by 1.25%. There was a price fall marked in the coin that brought the price to $0.0334 by 1.32%. On the same day, Cardano’s price escalated to $0.0343 by 2.63% hike. Then, the price slipped to $0.0336 by 2.19% and after 4 hours, the ADA coin price moved to $0.0344 by a 2.38% hike. The closing hours brought the price to $0.03362 by 2.19%. The price improved and jumped to $0.03416 by 1.59% hike. The intraday movement in the Cardano price reflected a 4.86% progression. Today, the currency began the day with a drop. The price counters changed from $0.0341 to $0.0337 by 1.19%.
Presently, Cardano’s price is dealing around $0.0339. The coin is tilted towards the immediate resistance level. The price might violate the same in the coming hours. There are speculations that the ADA coin would breach the next resistance level at $0.0356 shortly.
The intraday movement is likely to bring profit for the traders. The same might happen in the long-term too. Thus, ADA coin is recommended for long-term investment.
| Resistance Level | Price |
| R1 | $0.03490 |
| R2 | $0.03563 |
| R3 | $0.03684 |
| Support Level | Price |
| S1 | $0.03297 |
| S2 | $0.03176 |
| S3 | $0.03103 |
