Cardano (ADA) Is Trading Under The Heavy Price Variations 

 

  • ADA prices are again trying to rise against the price level of $ 0.0300, failing to make a fierce stand.
  • There is a gain of 1.05% in the prices and now trading between the price levels of $0.0290 and $0.0300
  • The ADA/BTC pair is performing negatively with the loss of -1.71% bringing the levels to 0.00000470.

The ADA prices again climbed back to the level of $0.029 and trying to conquer the resistance level of $ 0.0300.

The ADA bulls are seeking a strong momentum and to surge the level of $0.0300, ADA prices are currently under serious situation as again they are at the point that pushes them down on and on and they are unable to find a major breakthrough against it and collapsing in front of it.

ADA prices are again here due to the strong support of $0.270 as it is supporting prices to keep on maintaining an upward surge but prices are in very need to find a new support level as they always collapse after acquiring this level. r.

Currently ADA’s market capitalization is $771,232,324 USD with volume traded of $81,477,588 USD and circulating supply of 25,927,070,538 ADA.

Cardano Price Analysis

 

cardano

Source:tradingviewThe technical chart reflects that prices are trading in a flat manner with volatility in the prices. There is an overall bearish momentum in all aspects of the chart.

The technical indicators and oscillators showing that there is a slight increase in the buying volume of altcoin leading to bullish momentum.

MACD level is trading with a flat pattern but the bulls are about to get a hold, as the buying volume acquired an edge upon the selling volume.

24hr-RSI is about to fall down to the crucial level of 50 just after making a positive divergence from the bearish zone.

The 24hr-CCI is climbing up from the top of the normal region due to the increase in the buying volume of a cryptocurrency.

Resistance Level $ 0.0300
Support level $0.0270

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