Cardano began the year trading at $0.0328. The coin was spotted improving at moderate pace. In the first 15 days, the price escalated to $0.0415. The tremendous upsurge remained intact for the rest of the month. Towards the closing of January, the price of the coin was at $0.0560.
In February, the price kept soaring and touched a high at $0.072 and readjusting the 90-days high counter. The coin was soon struck by the selling pressure. Today, the coin has improved its momentum and is back to $0.0499. The ongoing movement might bring a slight regression but the period post the same, looks promising.
However, the price improved to $0.0498 from $0.0490 immediately after the same. Keeping the fluctuation alive, Cardano dropped to $0.0480 at 16:06 UTC and then recovered to $0.0488 by 1.64%. At around 21:00 UTC, Cardano escalated to $0.0490 and closed the day.
Today, Cardano opened with an upsurge as the price counters moved from $0.0490 to $0.0498 by 1.56%. The currency is keeping a firm hand over the level as the current price of the coin is $0.0499.
As per the MACD chart, the coin is reflecting a bearish divergence as the Signal line crosses above the MACD line.
The current price of Cardano is at $0.0499. The price is likely to escalate to the immediate resistance level at $0.0501 soon. However, the bearish influence in the coin can bring it down to $0.0480, the immediate support level.
