Cardano News Today – Cardano ADA Encounters a 1.91% Setback, Price Consolidates at $0.048393 – March, 4th, 2020

  • Cardano ADA Price Analysis – ADA Declines Beneath $0.048762 Level
  • Cardano ADA Price Prediction – ADA Might Seek support at $0.047946

Cardano Price Prediction 2020 – Cardano ADA is currently facing a surge in selling pressure against the U.S dollar and BTC. ADA price must settle above the $0.0520 resistance level to commence a moderate price recovery. The ADA/USD pair recently lost 1.91% over the last day, its value declined from $0.049337 to $0.048393. 

Cardano projections 2020 – For the forthcoming days seems bearish. ADA commenced that day trading at $0.049337, and its first swing occurred over the next 9 hours and 6 minutes. This swing pulled the value to decline by 3.02% and limited it at $0.047849. This was followed shortly after a brief price recovery of 3.41% that added $0.0016 in the value and drove it to the peak of the day at $0.049483. Afterward, it declined to $0.047502, adding another 4% price reduction. Cardano staking – however, towards the close of the day, ADA price gained some bullish momentum, it increased by 3.08% and had attained $0.048952.

Cardano ADA Declines Beneath $0.048762 Level

Cardano Price Prediction 2020 – On Tuesday, ADA was trading at $0.048762, down by 0.92% on the day. It was the largest 1-day percentage loss since March 1, 2020. Cardano Projections 2020 – the move downwards drove ADA’s market cap down by $1.26307 billion or 0.49% of the whole cryptocurrency market cap. At its peak, ADA’s market cap was $23.91700 billion. ADA has traded in the zone of $0.047506 – $0.049373 in the past 24 hours. 

Cardano Staking – Over the past seven days, ADA has encountered a decline in values, as it lost 12.96%. Cardano Price Prediction 2020 – ADA trading volume in the past 24 hours was $117.32127 million or 0.07% of the whole volume of all cryptocurrencies. In the past 7 days, it has traded in the zone of $0.0451 to $0.0566.

ADA Price Prediction – ADA Might Seek Support At $0.047946

Cardano Price Prediction 2020 – ADA’s both 20 days MA at $0.048499 and 50 days MA AT $0.048575 are trending moderately well above the current value, which indicates lack of support. Cardano Staking – the margin between ADA’s MACD line and the RSI line also stands firm as the signal line dominates the MACD line and give a bearish variation. 

Cardano Projections 2020 – For the forthcoming days, ADA price might decline further. The next breaking point for ADA is projected at $0.047946. At its current price, ADA is still down by 06.39% from its all-time high of $1.35 established on January 4, 2018. The MACD for ADA/USD pair is gradually losing momentum in the bearish zone, while the RSI for ADA/USD pair is well above the 50 levels. The major resistance levels are $0.0520 and $0.0550, while the major support levels are $0.0480 and $0.0450.

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.


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