Cardano has marked a heavy price fall over the last 24 hours. The anticipations believe that ADA coin may continue the current downside movement for a little longer than expected. The sudden fall in the market is surprising for many.
The intraday movement in the currency is likely to reflect a loss. The traders of ADA coin might bear losses like it did yesterday. Today, the price has already fallen below $0.036.
ADA/USD Price Chart:
Yesterday, Cardano coin began the day at $0.0371. The coin escalated to $0.0386 by 3.97%. The ADA coin tried to lock the price around $0.0385, but it started trading downwards and the price slipped to $0.0371 by 3.73% fall. The ADA price escalated to $0.0385 by 4.02% hike. The coin took a heavy plunge and touched $0.0358 with regression of 7.15%. The currency recovered to $0.0364 by 1.79%. The closing hour again created a pullback pressure and slipped to $0.0361 by 0.99%. Today, Cardano began the day with a price fall and the drop was of 0.83%. The price counters changed from $0.0361 to $0.0358.
Cardano price movement is reflecting heavy fall, and as per Trade99’s analysts, the coin would find immediate support at 0.0354. The same is likely to get violated in the coming hour. The interested traders are recommended to opt for long-term investors. The specified period would give the desired result.