The price movement of Cardano has been reflected moderate downside momentum from quite a few days now. The recent tremendous fall in the currency is likely to stay for a while. The current scenario of the ADA coin might not be impressive. However, in the coming period, the coin would improve.
Yesterday, Cardano coin started dealing at $0.0592, and then, it dropped to $0.0576 by 2.59% fall in the next two hours. The price dropped to $0.0582 at 03:00 UTC, and then, ADA continued the downside movement and touched $0.0563 by 3.13% fall. The escalation in the price embarked around 07:59 UTC.
ADA/USD Price Chart:
In the next 4 hours, the coin jumped to $0.0590. The currency dribbled to $0.0563 around 16:58 UTC. The coin locked around the same till 21:00 UTC. The coin improved to $0.0575 at 22:29 UTC. The closing hour dropped to $0.0559 and ended the day. The intraday movement of the coin reflected a 5.61% regression in the price.
Today, Cardano began with a slight uptrend. In the first 30 minutes, the price was trading at $0.0565. The price dropped to $0.0522 by a huge fall of 7.58% in the next hour. Thereafter, the price is hovering around $0.0526. As per the Trade99’s analysts, the price might be seen trading even below further in the upcoming hours. The ADA coin has already breached its previous support of $0.0540, and it is likely to breach its major support $0.0520 soon.