Cardano price movement has been amazing since the beginning of this year. The coin was spotted going above the 30-days high. However, from yesterday, the price has started trading downwards. Today, the ADA coin has taken a steep fall and brought the price to $0.040.
The coin is speculated to lift the ongoing pressure soon. The currency would again be spotted ridding high and booking new highs.
Cardano Price Analysis
Cardano coin is reflecting a heavy price fall in today’s movement. Yesterday, the currency started dealing at $0.0421 and then the price slipped to $0.0414 by 1.77% fall. The ADA price escalated to $0.04270 by 3.16% and later, the currency dropped to $0.04011 by 6.03%. Further, the price escalated to $0.0424 by 5.80% hike. After this hike, the price dropped to $0.04054 by 4.53% and then, immediately, the ADA coin price jumped to $0.0418.
Further, the price of Cardano coin dropped to $0.04104 by 1.76%, and again, it jumped and reached $0.0421 by 2.64%. Later, the ADA price escalated to $0.0423 but couldn’t hold for long and fell to $0.0424. The final hour escalated the price to $0.0429. The intraday movement of Cardano is reflecting a 2% progression in the price. Today, the currency escalated to $0.0431 by a marginal hike and then, the ADA coin took a tremendous drop of 6.39% and reached $0.04045. The coin recovered to $0.0412 by 2.01%. The price slipped to $0.04077.
Cardano has breached the immediate support level at $0.0409. The pressure is likely to take the price below the next support level at $0.0394. However, if the coin reverses its momentum, then the currency would be seen touching the immediate resistance level of $0.0435. ADA coin holds high speculation of a flourishing future. The coin is recommended for long-term traders.