Cardano ADA price: performance up by 2%

cardano featured image

Cardano ADA price has been declared the third-best player in the crypto-world over the past week showing a marginal increase of two percent. 

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)

cardano ada price chart 1

Cardano ADA Price Chart by Trading View

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.

Technical Indicators

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Cardano ADA Price Chart by Trading View

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

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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