Cardano price movement seems affected by the recent price drop, and it dropped to $0.023 due to the same. A few days back, the ADA price was spotted around $0.019, but soon the coin started recovery. In the last 2 days, the coin was seen hovering as high as $0.028976 on March 14, and yesterday, it was spotted at a high as $0.028789.
Today, ADA coin started dealing with moderate momentum and even exhibited a slight uptrend. In the later hours, it began a regressive trend and slipped to $0.023. The chances of improvement are very thin. However, if the market adopts the growth, then it might be seen trading in a higher range.
Cardano Price Analysis
Yesterday, ADA coin started dealing at $0.0254 during the opening hour. In the next 6 hours, the price shifted to $0.0266 by 4.28% hike, and later, the currency is spotted hovering around the same level. Further, at 10:06 UTC, Cardano price escalated to $0.0279 by 5.81% but couldn’t hold itself tight and thus dribbled to $0.0262. ADA price was spotted hovering around the same, and around 21:00 UTC, the coin price escalated till 22:00 UTC, from $0.00257 to $0.0289 and again dribbled to $0.0262 by 9.28% fall.
Today, Cardano coin started with a plunge, and in the next 6 hours, the price counters shifted from $0.0262 to $0.0247 by 7.76%. Then, the currency continued the downside momentum, and in the next 3 hours, the price plunged to $0.0215 by a massive decline of 13.38%. As per the MACD indicator, a histogram is reflecting bullish divergence. The MACD line has overlapped the signal line and thus formed a bullish crossover. According to ADA coin price prediction, the traders interested in the ADA coin are recommended to hold on their investment until it reflects slight stability in its price trend.