News on Cardano
Charles Hoskinson accepts 2020 will be a phenomenal year for ADA. The individuals who are eager about Cardano are unreasonably energized for the eventual fate of the token. The Shelly boosted testnet is live, and the anticipated year is to be a positive one.
Cardano Price Analysis
On January 10, 2019, ADA coin was traded at the price of $0.052595 with the bearish run prevalent. After three days, there was a price drop of 25% marked with Cardano price being traded at $0.039459. The bearish trend continued until about March 27, 2019, and finally, on April 3, 2019, ADA price managed to escalate by a massive 123%. Post this hike, the price started to drop at a slow pace and the coin was traded at $0.061478. ADA coin gained back its momentum and marked a hike of 52% with prices reaching $0.093881 on May 15, 2019. Cardano price continued to rise further, and the price reached $0.097759. From the first week of July 2019 onwards, the coin started to lose its focus. On July 16, 2019, the currency witnessed a fall of 35% with the price dropping as low as $0.051970. Since this drop, it has not been able to up its performance levels as the price dropped again by 28%. It seems the bearish trend is here to stay for Cardano.
ADA price evaluation since December 15, 2019, indicates a negative run by 8%. It is likely to drop further down and reach near its next support of $0.032.
As per Trade99’s analysts’ recommendation, this is a good time to buy new coins as per its movement. CMF indicator also presents the bearish signals. The entire year has been a mixed one with the bullish presence seen only during March 2019 until the first week of July 2019.