Cardano ADA price: Falls by 7.5%

Cardano ADA Price Analysis Nov 21

In a feud with market volatility, the Cardano ADA price continued to drop from where it left off just the day prior. It closed at a bearish value of $0.0376 as it closed on the 21st to continue a declining path into the 22nd. 

Cardano ADA Price Analysis – 21st November (ADA/USD)

Cardano ADA Price Analysis Nov 21 Chart 1

Cardano ADA Price Chart by Trading View

As shown by the graph above, Cardano ADA price fell over its support zone twice in one day only to surge by a percentage of 1.08. Compared to the rate it had been falling at, this surge was insignificant. These zones were fallen over at 15:07 GMT and three hours after at 18:11 GMT to the value of $0.037. This value was also the lowest for the day. The highest value for the day was only attained at 0:00 GMT as the day started and 01:14 GMT. After this, the altcoin‘s price kept falling. As mentioned above, the close occurred at a value of $0.0376. 

Technical Indicators

Cardano ADA Price Analysis Nov 21 Chart 2

Cardano ADA Price Chart by Trading View

Showcased by the graph above, the price of Cardano received little to no support from the moving averages on a whole as it repeatedly fell under these values. The 50-Day Simple Moving Average (SMA) closed at $0.0377 while the 20-Day Exponential Moving Average (EMA) closed at $0.0380.

The Relative Strength Index (RSI) closed at an incredibly bearish value of 35.52, falling nearly 15 digits off the mid-point. Data from TheTIE.io has shown the sentiment value to close at 45.01 percent, with a long-term sentiment being established at 34.37 percent.

The price change for the past seven days indicates a negative value of -17.08 percent. 

Featured Image Background by Kamal J. 

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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