Cardano Price Breaches $0.038 Mark; Next Target $0.040

In the crypto market, the traders have waited long enough for the upside momentum in most of the coins’ price movements. The year has started on a good note. Within the period of 7-days, the altcoins have escalated and looked like the price recovery isn’t going to stop. Cardano price is trading upwards with an astounding pace. The coin has rallied by 4% in the last 24 hours.

Cardano Price Analysis

Yesterday, ADA coin started dealing at $0.03470. The price escalated to $0.03597 by 3.65% hike. The currency kept a tight hold around $0.0359 for some time, and then, it escalated to $0.0365 by 1.58%. Further, Cardano’s price escalated to $0.03746 from $0.0365 by 3.67%. The day-long run reflected a 7.98% progression in the ADA price. Today, the currency began the day with an escalation of 1.41%. The price counters changed from $0.0374 to $0.0380. Later, the price traded to $0.03714 from $0.03793 by 2.34%.

The current price of the Cardano coin is $0.03741. A few hours, the coin was near the immediate resistance level at $0.0381. However, the currency slipped to 0.0371 and recovered again to $0.0374. As per the current trend, it is anticipated that the ADA price would jump to the immediate resistance level again.