Cardano Hikes by 4% Since Yesterday

Buyers of Cardano must be excited as Uphold Inc is offering Zero transaction fee on ADA transaction. Uphold recently announced their live transaction open towards Cardano! Users must have been twisted their sides to Uphold platform as of now.

We’re excited to start another week of #15daysofcrypto by announcing #Cardano is LIVE on #Uphold! We’re celebrating with 24-hours of ZERO EXCHANGE FEES for buys on $ADA.

Learn more and submit your guess for tomorrow at https://t.co/eCDqU3ukje.@CardanoStiftung @cardano pic.twitter.com/ZhPnH71jtr

— Uphold (@UpholdInc) September 2, 2019

Cardano Price Analysis

The price of ADA coin was seen trading at $0.045323 at 08:27 UTC on 3^rd September 2019. Considering the intraday transaction of yesterday, Cardano price was seen below the baseline trading at $0.043428 at 08:25 UTC. Then, ADA price escalated by 2.87% at 14:36 UTC when the trade changed to $0.044675. Cardano saw further escalation by 3.49% at 21:34 UTC yesterday when the price changed to $0.046247. The value from then dropped by 1.99% as of now.

Based on the past data from the last 30 days, Cardano is trading in the bearish zone, and hence, new traders or entrants can buy the coin at an ideal price. The incentives for traders might be delayed as it seems that users might have to wait for the trade to slide in the bullish zone.

Short-term Investment: If you are planning to invest in Cardano on a short-term basis, it might be a good time to buy the coin. ADA might take some time to escalate in the upward motion.

Long-term Investment: ADA has shown disappoint recently, as the value is fluctuating below the baseline from a few months now. As per our ADA price forecast, the coin is a long-term investment that might result in positive returns soon. Click here to know the estimated Cardano price for the next five years.

In order to consider a safer pitch, the calculated resistance and support levels might help the users with the same:

Resistance Levels

R3: 0.0492

R2: 0.047657

R1: 0.046509

Support Levels

S1: 0.0438181

S2: 0.042275

S3: 0.041127