Price Analysis

ADA Price Sinks and Continue to Trade Around $0.038

Cardano price comparison over the past six days indicates the bearish trend today. ADA was trading as high as $0.042352 and seemed to rise upwards. On the same day there was a drop-in price by almost 5%. For the next two days the coin did not witness any drastic fall as such, and due to the upward trend, it reached as high as $0.041901 on October 15, 2019. Since the said date, ADA has not been able to maintain its performance and has been declining at a gradual pace. While writing this comparison, the trend for the coin was bearish.

ADA Price Analysis:

Cardano Price
Cardano is indicating a downtrend by almost 9% when compared to the price rise of October 15, 2019. The same movement seems to continue in the upcoming days as well, as observed from the current price trend. After about a period of a week or so, ADA is expected to gain back its momentum and can slowly start to rise upwards and reach new heights.

Today, ADA is expected to be traded in the range of $0.03823000 and $0.03846000. As per the present trend, investors can purchase new coins or even sell some coins as per their discretion. The Chaikin Money Flow indicator also points that the coin is moving downwards. If the price of the coin continues to fall, the major support levels may be at $0.036534 and $0.035543. ADA, if being traded from the long term can yield very good profits as the coin can reach good trading heights.

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