Cardano ADA Price: Closes at $0.0363

Cardano ADA Price Analysis Dec

Cardano ADA price fell over a bearish path which resulted in the regression in value of the cryptocurrency. After closing at the $0.0375 mark on the 9th of December, the twenty-four hours till the close resulted in a 2.44 percent decline. 

Cardano ADA Price – 10th December (ADA/USD)Cardano ADA Price Analysis Dec 10 Chart 1

Cardano ADA Price Chart by Trading View

Cardano price consolidated gains on a downward sloping gradient which resulted in the decline. The coin opened at the $0.0375 mark after which it continued to regress.

It rose to its resistance at the $0.03745 mark after which it continued on a short-ranged path to its next resistance at $0.0372 near the end of the day. It finally closed at the $0.0363 mark. 

Technical Indicators

Cardano ADA Price Analysis Dec 10 Chart 2.1

Cardano ADA Price Chart by Trading View

The price of Cardano differed significantly from the moving averages, which showcase extreme volatility in the value of the cryptocurrency in the short and medium terms. This has been a  result of the bearish outcomes.

The 50-Day Simple Moving Average (SMA) closed at $0.0372, whereas the 20-Day Exponential Moving Average (EMA) closed at $0.0367. The SMA was 2.4 percent higher than the closing price, and the EMA was 1.09 percent higher than the closing price.

The Relative Strength Index (RSI) closed at 37.07 and majorly stayed between the 30-70 ranges.

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Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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