Cardano (ADA) has been in the limelight lately due to its price trading with upside momentum even under the hefty volatility. The past seven days have once again shown that the ADA coin has the potential to register a stellar performance, and in the said timeframe, the price moving in the range between $0.036 – $0.047.
Cardano Price Analysis
Cardano continues to reflect bullish influence over the last 30 days. If we look at the price trend of ADA/USD over the last 7 days, the coin was trading below the baseline on April 23 at $0.03668. Then, the currency registered a sharp bullish move, and the price reached a high of $0.0435 by a massive hike of 18.79% on April 24. Over the next 24 hours, Cardano price marked moderate regression, and the price fell to $0.4132. Over the next two days, the price of ADA coin gathered momentum and reached a high of $0.04718 by 14.19% hike.
After hitting $0.047, Cardano coin faced rejection, and the price fell to $0.04467 by 5.19% drop. Then again, the coin marked recovery and regained its price level above $0.0476 at the time of writing this analysis.
Cardano price has set the ball rolling for the price in the upward direction. It has to be seen whether the current trend would be maintained in the near-term. As per the current momentum, the ADA price might cross a $0.048 mark in the upcoming hours. However, if the coin faced pullback pressure, it may find the next support around $0.046 mark.