Cardano ADA Latest News – Top Headline for Cardano ADA, January 17th, 2020

  • Cardano ADA Price hits a new at $0.043
  • Cardano ADA price facing modest price trend

Cardano was trading at $0.0409 at the time of writing, the coin had hit a new 30-day high at $0.0439 after declining up to $0.0304 last month. The intraday surge has influenced ADA trading volume and the total market cap. The surge price surge is supported by all the daily moving averages. Currently, Cardano ADA price is correcting downwards form the recent high hit after Nov. 18, 2019.

Cardano ADA price – the ADA/USD pair is signaling a new 30-day high at $0.043. This has been an impending move after the ADA trading price bottomed out last year. Cardano ADA price has visibly declined in the first half of last month. The closest support for ADA trading price is by the daily 10-day MA at $0.0394, trailed by the 200-day and the 50-day moving averages.

With the sudden surge of the Cardano ADA price, there seems to be modest volatility in the coming days. The intraday price trend appears bullish as the MACD is trending above zero and is dominated by the signal line. The 8-hourly RSI of ADA price is at 62.88 and is seen reverting from the overbought zone as the price corrects downwards. Cardano ADA price value has declined by 0.92%, and the new value is at $0.040821. Any major move in the ADA price value appears implausible in the forthcoming days.

Cardano ADA Price Analysis – ADA price facing modest price trend

ADA began the day trading at $0.041201, and over the next 3 hours, it has managed to surge up to 3.79% and got placed at $0.042762. After some hours, ADA price started declining, it decreased by 6.3% and was sited at $0.040040. This marks the lowest level for the coin in the last 24 hours.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.059-1.44%

Although, after that, ADA’s price started increasing. Over the next 18 hours, the coin surged by 8.04%, and the value reached its highest level at $0.043257. Currently, the price has declined by 6.52% and positioned itself at $0.040429. The current ADA price is at $0.040821, and it is trading above its 20 days MA ($0.040725).

Also, it has not made any move over the 50 days MA ($0.041129). The Major resistance levels are $0.043538, $0.044523 and $0.046089. While the support levels are $0.040987, $0.039421 and $0.038436. ADA coin might encounter a modest price trend in the coming days. It may soon decline to the support level at $0.039421 by the weekend.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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