Cardano coin is reflecting a downtrend from the past couple of days. Yesterday, the coin tried to hold itself tight around $0.036 despite heavy pressure in the market. Today, the price slipped tremendously.
ADA price has fallen below the major support level and looks like the same trend will remain intact for some days. The traders might have to be patient for a while to experience substantial upsurge.
ADA/USD Price Chart:
Yesterday, Cardano coin began dealing at $0.03608, and then, the price escalated to $0.03628 by a marginal hike of 0.55%. Then, the coin slipped to $0.03584 by 1.23%. After this fall, the coin price struggled to jump but, it reached $0.0360 and then again dropped to $0.0357 by 1.01%. The ADA price jumped again, and this time touched $0.03601 by 0.84%. Then, the price dropped to $0.0357 by 0.82%.
Later, Cardano price improved and touched $0.0361 by 1.19%. Then, the price slipped to $0.03555 by 0.80%. Then, the currency touched $0.0365 and closed at $0.0363. The day-long movement in ADA price brought 0.80% progression. Today, the currency began the day with a tremendous fall. The counters moved from $0.0362 to $0.0352 by 3.10%. The currency jumped to $0.0354 by 0.74%. The coin slipped to $0.0347 by 1.50% fall. The ADA price improved and is currently dealing at $0.03499 by 0.60%.
Cardano has already breached its previous support level at $0.0353 and the major support level at $0.0351. The intraday trading is likely to bring losses for the traders as the improvement chances are quite thin. The ADA coin is suggested for long-term traders.