Cardano displays a robust in a single day restoration

  • ADA / USD is up 9.53% in the past 24 hours, and the current value has hit $ 0.029363
  • The price could soon hit the closest resistance at $ 0.030634

Cardano followed the overall market and gained 9.53% in value in one day. It is currently trading at $ 0.029363 after gaining nearly $ 0.003. Investors can watch the current trend continue for a few more days.

Cardano price prediction

TradingView’s ADA / USD chart

Yesterday the Cardano coin traded under the bearish influence but saw a strong rebound towards close. Yesterday the ADA price was trading at $ 0.0268 for the first hour. In the next 13 hours there was an upswing and an increase in value of 12.09%. This swing brought the Cardano price to the highest point of the day at $ 0.030047. However, it couldn’t stay there long and began trading downward. At 15:44 UTC the price fell 6.17% and was limited to $ 0.028194. The last swing took place today between 15:44 and 00:25 UTC. In those 8 hours and 41 minutes, the ADA coin stepped up 6.59%, adding $ 0.0018 to hit $ 0.03005.

Cardano’s current value is below its short-term moving averages of 20 and 50 days. The RSI is at 37.87 points and is slowly rising. Investors could see some sudden gains in the coming days. The next resistance appears to be possible around $ 0.03063. However, due to the ongoing volatility, ADA may reverse the upside momentum and correct at $ 0.027 until the next support.

Comments are closed.