Cardano has witnessed a 2.64% decline in the value over the last 24 hours, and the final value has now reached 0.038 USD. The four price shifts in this period show huge volatility in the price trend.
Cardano Price Analysis
Cardano initiated the day at 0.039901 USD, and over the next 11 hours, it lost 0.001035 USD to reach 0.038866 USD. This 2.59% decline was followed by a hike of 2.11%, and this pushed the value to 0.039685 USD by 15:42 UTC. Later the value again took a shift to 0.038076 USD by 18:40 UTC, thanks to a 4.05% shift. However, it got strengthened at 18:40, and by 03:12 UTC of today, it managed to go up by 0.000818 USD and reached 0.038889 USD.
The market cap has also witnessed a major fall in this period. It was standing at 1.019 billion USD on October 06, whereas as per the latest data, it has been down to 1.015 billion USD.
Cardano’s 50-day average has maintained its value above the 20-day average line most of the time. However, the current trend seems to have surpassed these two indicators as per the latest data. It may bring some degree of recovery in the upcoming days, but no abrupt change is anticipated.
| Cardano (ADA) | Resistance & Support Levels |
| 1st Resistance | $0.0401 |
| 2nd Resistance | $0.0409 |
| 3rd Resistance | $0.0416 |
| 1st Support Level | $0.0386 |
| 2nd Support Level | $0.0380 |
| 3rd Support Level | $0.0372 |
