Price Analysis

Cardano Continues the Downward Stride; Trades Around $0.039

Cardano was trading at $0.03962361 as on October 6, 2019, post which the price of the coin started to fall. On the following day, it was being traded at the price of $0.03815622 and there were several steep rises over the next two days. It was being traded at the highest price of the said time frame at $0.04299603 as on October 9,2019. Over the past ten days the coin has shown several rises and falls and has not been able to maintain the bullish trend which was prevalent in the first week of this month.

Cardano Price Analysis:

Cardano Price Chart

Today, ADA is indicating a bearish trend by 7.64% when compared to the trading price of October 11, 2019. The same trend seems to continue in the upcoming days as well with price reaching the nearest support.

We strongly suggest selling existing investment is Cardano today, as per the trend noticed. Today, ADA is expected to be traded in the range of $0.03871000 and $0.03972000. The MACD indicator also shows that the coin is below zero but had a bullish outlook with a MACD line crossing the signal line. It is advisable to trade from a long-term purpose as ADA can reach good heights.

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