Cardano News Today
ADA coin was suffering in the market for the past few months. However, the speculations of recovery were pretty rife. It is speculated that the upcoming ventures of Cardano would have a positive consequence over the coin in the market.
Recently, during the World Economic Forum in Davos, GenTwo AG and Cardano foundation planned to come up with ada-denominated structured finance products. It is likely to help Cardano up its game in the crypto world.
Cardano Price Analysis
Yesterday, the ADA coin started the day at $0.043107. The price started falling, and in the next 4 hours & 55 minutes, the currency price slipped to $0.041855 by 2.91%. With a slight improvement of 1.50%, the Cardano price touched $0.042462. Then, the price dropped to $0.041189 by 3.04%. After this price fall, the coin reflected a steep hike and the price touched $0.0444 by 7.91% in the next 5 hours. Further, the currency price escalated to $0.04523 by a 3.61% hike and then, the ADA coin reflected a fall of 2.58% as the price touched $0.04411. After this marginal drop, the coin registered a moderate hike and closed the day at $0.044878.
Today, ADA coin started the day with a slight uptrend, but later the price fell to $0.04315 by 4.38% at 01:48 UTC. In the next 1 hour and 36 minutes, the price jumped to $0.0441. Later, the price is spotted, hovering around $0.04380.
Cardano price is dealing above the immediate support level. The possibility of climbing to the immediate resistance level at $0.0463 is quite high. The coin is recommended for long-term traders. The same would bring the desired result. According to our Cardano prediction for this year and current price formation, the coin might continue to trade downwards.
| Resistance Level | Price |
| R1 | $0.046349 |
| R2 | $0.047693 |
| R3 | $0.050144 |
| Support Level | Price |
| S1 | $0.042554 |
| S2 | $0.040103 |
| S3 | $0.038759 |
