Cardano (ADA) has been trading with slow and steady upward momentum since the beginning of this year. Even though the crypto market is still very volatile, ADA has managed to hold its ground and has taken a slow upward momentum though bears are continually trying to push the price in the downward range. However, the price movement in the past 24 hours indicates moderate recovery, and the coin traded in the range between $0.0557 – $0.0588.
Cardano Price Analysis
ADA coin managed to beat the bearish influence from the last 24 hours. The coin was at a high of $0.0586 yesterday. Then, it fell to $0.0564 at 02:40 UTC by showing a downward movement of 3.76%. After this moderate fall, Cardano faced a slight recovery and reached $0.0579 at 07:13 UTC. Then, due to heavy volatility, at 13:11 UTC, the price of ADA coin again went down to $0.0557. The currency continued to withstand the volatility and marked moderate hike and reached $0.0582 at 16:52 UTC.
At the closing hours, the price of Cardano was pushed below the baseline at 19:25 UTC at $0.0569. At 22:17 UTC, the day end on a high note for the coin at $0.0588. After that, the ADA continued upside movement and reached $0.0592.
Cardano price has managed to pull itself up against bear pressure at intermittent intervals bringing hope to the investor community. Analysts are banking on this capability of the coin to move in a stable upward momentum and expect the coin to live up to its reputation. Investors can continue to hold on to their existing investments as the coin is a long-term haul.