Cardano price movement has always been impressing the traders. The coin aspires to enrol itself in the top ten cryptocurrencies, but it looks like the same might take some time. The current market scenario is quite disappointing. The heavy fluctuations have brought the coins to some unimaginable lows.
ADA coin is also caught up in the same trend. However, in yesterday’s movement, Cardano was spotted booking profit. The coin touched a high at $0.037372 and a low at $0.036628. The volume marked in Cardano was $42,557,714.
Cardano Price Analysis
Yesterday, Cardano started dealing at $0.0364. The coin jumped to $0.0369 by 1.36%. The price level remained locked at $0.0368, which was followed by an escalation. The price counter touched $0.0373 by 1.37%. The ADA coin couldn’t hold for long slipped to $0.0367 by 1.77%. The price escalated to $0.0376 by 2.51%. The price again dropped to $0.0371 by 1.32%. Cardano price picked up again to $0.0374 by 0.87%. The closing hours created a pullback pressure that brought the price to $0.0370. The coin closed the day at $0.0373, with an intraday progression of 2.47%. Today, Cardano started the day with a slight fluctuation of around $0.0373. The price slipped to $0.0365 by 2.27%. The ADA coin jumped to $0.0368 is currently dealing at the same.
Cardano was positioned at $0.0365 a few hours ago. The same seems breaching the immediate support level. However, the price level improved and is now at $0.0368. As per Cardano price prediction, the coin might jump to the immediate resistance level at $0.037 too.
| Resistance Level | Price |
| R1 | $0.037444 |
| R2 | $0.03778 |
| R3 | $0.038188 |
| Support Level | Price |
| S1 | $0.0367 |
| S2 | $0.036292 |
| S3 | $0.035956 |
Cardano is speculated to give the best result in the long run. The traders interested in the coin should opt for the same for considerable returns.