Cardano ADA price saw a sigh of relief for the first time in the past five days when the trend finally turned bullish, however, brief. Cardano ADA price currently stands at the $0.038 mark after hitting the lowest point.
Cardano ADA is struggling to find its spot back in the top ten cryptocurrencies and with a current standing at number thirteen. ADA has a market capitalization of almost nine hundred and ninety million dollars ($989.98M). It appears that Cardano ADA‘s price trend is also following the major cryptocurrencies like Ethereum on a bearish stroll.
The current support level is found at the same mark after the $0.0380 mark, while ADA price is facing resistance at the $0.0385 mark.
Cardano ADA price movement against Bitcoin (BTC)
On the other hand, Cardano appears to be at the bottom of the list of altcoins. As per the short-term chart, the cryptocurrency’s price has gone below the two hundred Exponential Moving Average (EMA) support line.
The bottom resistance level of Ichimoku’s cloud has rejected ADA’s price, dropping it below the fifty Exponential Moving Average (EMA) support line.