- Cardano price has once again proved its mettle to move continually upwards as seen from the price movements today
Cardano (ADA) seems to be gearing itself for a stable momentum since the start of 2020. Even the past one-day price chart for the coin, seems to show the price having intermittent spells of bullish and bearish turns indicating that the coin is trying hard to follow some price stability. The past one-day price trend for ADA has seen the price hovering in the range between $0.048–$0.050.
Cardano Price Analysis:
Cardano has shown quite a lot of grit in the current ongoing crypto market volatility. The price has been able to hold on its own under the heavy bear pressure. The day started below the baseline price for the coin at $0.0482 at 1:55. The price then took an upward turn and reached a high of $0.0493 at 3:56, showing the uptrend at 2.19%. With the ongoing bearish undercurrent, the price of ADA coin had a fall at $0.0479, the fall being at 2.75%. At 12:09, the price of ADA took a jump to $0.0492, rise being to the tune of 2.77%. The bears continued to exert pressure on the coin resulting in it moving again below the baseline price at $0.0477 at 16:38, the downward movement being at 3.15%. ADA continued to fight back and again took an upward rally, showing a rise of $0.0489 at 2.60%. ADA continues in its pursuit of a stable momentum, with the coin moving higher today to $0.0494, showing a rise of 1.63%.
Cardano price seems to get closer to a stable momentum day by day, irrespective of the strong bearish pressure in the crypto market. Analysts are confident of this current positive trend to continue during the year, raising the hopes of the investor community.