Cardano News Today – ADA Price Down by 2.41% in the Last 24 Hours

  • Cardano ADA price is down by 2.41% in the last 24 hours.  
  • The highest volume node for Cardano will be between 61.8% and 78.6% Fib.
  • Cardano ADA price trading at $0.060294 at press time.

Cardano news today – The digital asset market has performed well since the turn of the year and Cardano has been one of the best performers during that period. The coin has risen to form highs for 2020. Despite this recent good times, the price of ADA has opened trade today on the red. A look at the charts shows that the digital asset is down by 2.41% in the last 24 hours of trade. The coin was trading at $0.060394 as of when this content was published. Now let us see an analysis of ADA’s price movements in the last 24 hours.

The highest volume node for Cardano will be between the 61.8% and 78.6% Fib Levels

Cardano, one of the favorite cryptocurrencies out there, was recently given a ‘buy’ signal by one of the world’s greatest digital currency investors: Peter Brandt. If that is not resounding buy sign on its own, it will be weird. For some reason, the commentator predicted that this is the right time to buy ADA. The Fib extension seen on Cardano’s chart begins at the coin’s all-time low back in December 2018 and moves to the ADA’s move swing high back in June last year to the most recent of them all the December swing low from last year.

The highest total volume node that ADA will reach going by the chart is 61.8% and 78.6% Fib retracement levels around $0.08 to $0.09. However, the 161.8% Fib is the most frequent significant resistance zones for Cardano. This level is a whopping 437% above its price on Sunday, February 9 of $0.3252.

Cardano ADA Price Trading at $0.060294 at Press Time

Cardano News Today – The charts also show that Cardano’s closest support points are at the Fib levels of 23.6%, 38.2%, and the 50% level. None of the Fib levels coincide with any immediate level on the Ichimoku Kinko Hyo. However, they coincide with some market profile levels. A pullback in the price of Cardano will make it skip the 23.6% and 38.2% positions. There’s little traded at 38.2%, but and a high volume node at 50%.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.076

Cardano had a total market capitalization of $1,563,257,476 and 24 hour trading volume of $135,268,861 at press time. The coin was seen changing hands at $0.060294 at press time. The digital asset reportedly has a total circulating supply of 25,927,070,538 ADA and total supply of 31,112,483,745 ADA at press time. Cardano managed to reach a high point of $0.062106 and a low point of $0.059812.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.