The past few days have been very volatile not just for the cryptocurrency market but Cardano ADA price movement as well. Yesterday ADA price briefly recovered from the Sunday bleeding out that took the market down with it but unable to sustain the levels above the $0.60 mark; ADA price is back down in the $0.59 range at the time of writing.
Cardano ADA price had been hovering above the $0.63 levels at the start of the day; however, it soon fell down to the $0.57 level.
Although the bulls help it attempt a recovery to the $0.59 levels, it was to no avail, and the ADA price fell further down to the $0.5600 levels.
Cardano ADA price movement: What to expect?
The only good sign was the final recovery on the 17th of February when the Cardano ADA price moved back up to the $0.60 range hitting the $$0.625 mark at one point.
At the time of writing, the major support for ADA price is found at the $0.4517 mark while the cryptocurrency is going through a bearish trend for the past few hours. If a bullish outbreak fails to take control of the movement, ADA can fall down to the $0.45 range.
On the other hand, even if the bulls take the rein, ADA is facing strong resistance at the $0.6062 mark and further above at the $0.6109 mark. While the strongest resistance stands at the $0.6452 mark, if the cryptocurrency manages to break past these resistance levels, it may get back to the 13th of February high of $0.72 range.
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Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.