Cardano price is still very much under the bear grip even though it has pushed its price towards the upward momentum. Yesterday was a mixed bag for the ADA coin, with the price showing a lot of fluctuations ranging from $0.037 – $0.038.
Cardano Price Analysis
Cardano price has had to go through a lot of price fluctuations, as seen from the one-day price chart of December 13. The price of ADA coin was at a low of $0.03656 at 00:17 UTC. The price managed a decent upward momentum at $0.0373 at 13:23 UTC. But the bears managed to push Cardano price downwards to $0.0368 at 13:36 UTC. The coin managed to beat the bears and go for a good upward swing at $0.0375, upswing being to the tune of 2.05%. By the end of the day, around 22:56 UTC, however, the bears managed to pull the price of ADA coin down to $0.0370. The current day’s price of Cardano has reduced slightly at $0.0368 showing a downward movement to the extent of 0.82%.
ADA coin is trying to get out of bear grip, but the bear pressure is too strong at the moment. The current trend is expected to continue for the short term. Trade99’s analysts expect Cardano to get back to its winning ways by early 2020. Investors should right now do the wait and watch the game as the crypto market is still reeling under the bear grip.