Over the last couple of days, Cardano is presently showcasing vast improvement in price. Compared to the beginning of the month, where the coin rested at $0.04160 and now rests at $0.04480. This price movement kindles hope within traders owed to the market volatility, which had struck the crypto-world. The impressive intraday price volumes also speak for themselves as Cardano moves towards its subsequent resistance marks.
On the 17th, the price of ADA reached a high of $0.0456 and a low of $0.0436. The trading volume of Cardano on this day was recorded to be $8,679,715.
1-Day Cardano ADA Price Analysis (ADA/USD)
Yesterday, the coin opened at the $0.0439, slipping by 1.82 percent to $0.04309. The total intraday movement showed a rise of 2.19 percent. The price of Cardano majorly hovered between $0.0443 and $0.0460.
Irrespective of the gradual rise in the ADA/USD price, there is an overall lack of momentum. The 20-week Exponential Moving Average appears to be on the downside bender with the Relative Strength Index tilting towards the bearish side. However, the RSI closed at 70.25, which is a bullish sign but proceeded to drop after.
The next resistance mark for Cardano appears to be $0.0466 to which it climbed on the 18th.
Background of Featured Image by Arnaud Mariat