Cardano price movement has impressed the traders lately. Despite the recent volatile trend, there wasn’t much change in the price of the coin. The investors took the same a positive indication for the upcoming rally in ADA coin. The same is likely to lay a positive impact on the currency. The upcoming period holds a lot of expectations from the coin.
Cardano Price Analysis
Yesterday, ADA coin started dealing at $0.0428, and in the next 5 hours, it touched $0.0434. The currency price slipped to $0.0429 by 1.06% but again improved and this time touched $0.0437 by 1.36%. The Cardano price was spotted holding the level tightly for a while. Further, the price escalated to $0.0442 by 1.39%. The currency improved again and touched $0.0444 by a marginal hike of 0.56%. The intraday movement in the coin reflected an overall progression of 3.76%.
Today, Cardano coin again started with an upsurge. The price counter was at $0.0452, but couldn’t hold level for a long time. The price dropped to $0.0445. After this drop, the ADA coin price dribbled to $0.0440 from $0.0450 at 09:05 UTC. Later, Cardano price jumped to $0.0444 and then trades at a similar level.
The MACD chart is reflecting the sign of upcoming improvement. The MACD line has just crossed above the signal line. The current price of Cardano is at $0.04425, and it seems to be moving towards the immediate resistance level at $0.0451. The intraday traders would return close the profit.
