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Cardano (ADA) Reverses Yesterday’s Downtrend

Cardano price trend exhibits a great improvement today. The growth in the coin is speculated to last for a while. The traders who are planning to invest in ADA can dig-in for the long-term. The coin might be seen enrolling among the top ten cryptocurrencies. Apparently, the coming period is likely to be flourishing for the coin.

Cardano Price Prediction

ADA coin started dealing at $0.0377 on yesterday’s chart. The currency slipped to $0.0368 by 2.44%, and then it jumped to $0.0373 by 1.27% in the later hours. Cardano price slipped to $0.0368 by 1.23%. After that, there was a slight improvement marked in the coin’s movement. The ADA price jumped to $0.0370 by a marginal hike of 0.72% and closed the day. However, the intraday movement brought a regression of 1.72%.

Today, Cardano began with an escalation. The price jumped to $0.0378 by 1.93%. There was a slight slip to $0.0377 by 0.20%. The price improved and touched $0.0382 by 1.23%. The currency dropped to $0.0376 by 1.41%. Recently, the price of Cardano improved and touched $0.0379 by 0.72%.

ADA has already breached the immediate resistance level at $0.0383. According to the current momentum, it wouldn’t be a surprise if Cardano coin closes around the major resistance level at $0.0388. The current movement is likely to be good for long-term traders. Click here for an updated Cardano price prediction for further price fluctuation. The short term is likely to be chancy; hence we wouldn’t recommend the same for the interested investors.

Richard Lee: Richard Lee is a regular contributor, who curates in-depth news stories and analysis about the cryptocurrency and blockchain space. He primarily covers latest happenings of US cryptocurrency market. He contributes to a number of well-known industry magazines and news sites before getting into NameCoinNews. He has strong skills in technical analysis of cryptocurrencies.