Cardano Price Analysis: Cardano (ADA) Price Is Down By Almost 4% In A Day

From yesterday’s closing, ADA coin has lost almost 4% whereas some major coins have started recovering from the recent blow. With four significant price swings, Cardano is now hovering around 0.045 USD. However, the coin has still the experts’ support of getting a rally soon. Current Statistics of Cardano- Cardano (ADA) 16th August 04:01 UTC Rank 13th ROI (Return on Investment) 112.23% Coin Circulation 25,927,070,538 ADA Market Cap 1,190,619,163 USD Value in USD 0.045811 USD Value in BTC 0.00000445 BTC 24h Volume 44,967,903 USD ADA to USD Price Comparison- Cardano Price Chart by TradingView At 00:44 UTC, Cardano was trading at 0.048102 USD and by 06:24 UTC, it fell to 0.045160 USD. It was followed by a reasonable hike of 4.91% over the next three and a half hours that added 0.002 USD to the value of each ADA coin. After the next few hours of volatile movement, Cardano again faced a hike of 4.77% that took the coin to 0.048108 USD. The latest swing came as a dip in the value of each coin. From 22:09 UTC, over 5 hours and 16 minutes, the ADA price was pushed from 0.047964 USD to 0.045567 USD. Cardano Price Prediction- Cardano is likely to take some more days before catching the flight to a price rally. Before the end of 2019, the coin is expected to turnaround its situation. Here is a table showing the next resistance and support levels of ADA coin. Cardano (ADA) 1st Resistance 0.048525 USD 2nd Resistance 0.049531 USD 3rd Resistance 0.051045 USD 1st Support Level 0.046005 USD 2nd Support Level 0.044491 USD 3rd Support Level 0.043485 USD Cardano (ADA) News