- Cardano gains 2.41% in the last 24 hours.
- ADA is currently trading at $0.057.
- The price of ADA initially dropped by 5.41% earlier before gaining 2.41%.
Cardano news today – The Cardano Foundation has taken full advantage of the general bullish trend of the entire digital asset market. This has propelled the price of ADA to push a gain of 2.41% over the last 24 hours. This means it stands out alongside the rest of the digital asset market in recent days. Despite the huge price volatility affecting the asset class, the ADA coin appears to have become an excellent choice for intraday traders and investors due to its growth continuity. The coin went down at some point during the day before picking up momentum. Let’s take a look at its price action in the last 24 hours and where it stands at press time.
Cardano Opened Trade at $0.056121
The price of ADA opened the day trading at $0.056121. However, in the following two hours, the coin’s price went through a small downward correction of 2.34%. After which it pulled down to the $0.054809 area. This action was followed by a 6.66% price increase which added $0.003650 to the value of the coin and pushed the Cardano price to the $0.058464 area. Since then onwards, the digital currency has traded with a downside momentum. It even dropped by 5.41% to $0.055295 today. However, it steadily gained upwards momentum. And over the last hour, the price of ADA has posted a marginal improvement to reach its current level of $0.057.
The Price of Cardano is Currently Trading at $0.057
The price of Cardano is currently trading at $0.057 as of when this report was published. The coin has had a remarkable performance in recent days. Cardano’s current price point of $0.057 shows that the coin has managed decent leads above its 50-day Moving Average at $0.056901. It is also above its 20-day Moving Average at $0.057173. If you follow Cardano’s current intraday price movement, you will that the coin has the potential to trade moderately downside.
Cardano (ADA) Price Today – ADA / USD
It could do this and find its next support position at the $0.054 area in the coming days. However, the overall pattern of the market is a bullish one. Hence, Cardano may soon improve its recovery from the intraday loss. The digital asset has its resistance points at the $0.05783, $0.05990 and $0.06136 positions respectively. Then the support regions for ADA stand at the $0.05431, $0.05285 and $0.05078 areas respectively.