Cardano News Today
2020 could prove to be Cardano’s (ADA) year, as indicated by Charles Hoskinson. Cardano devotees are amped up for the eventual fate of the system now that the Shelley boosted Testnet is live.
Cardano Price Analysis
ADA coin was being traded at $0.0337 on December 21, 2019, before dropping to the lowest trading price of $0.03286. The moderate movement continued with Cardano being traded at $0.03310000. From the next day, the currency managed to show some steep rises and reached $0.03464 with a 3.77% growth. There was a marginal drop of 1.56% within a few hours. Then, ADA prices remained constant at $0.03424000 for quite some time on December 23, 2019. On the same day, there was a price drop of 3% recorded with the coin dropping further. Cardano price managed to bounce back from the fall and a rise of 5% was noted on December 24, 2019. ADA couldn’t maintain its efficiency and thus, started to decline. The present situation indicates that the prices may remain bearish tomorrow as well.
ADA shows a marginal drop of 0.71% as compared to yesterday’s value. It seems that the trend may remain downwards and reach somewhere close to its support level of $0.03351988.
As per Trade99’s prediction of Cardano coin, our analysts strongly suggest to hold ADA coins as per its trend noticed. MACD line for ADA presents that the coin may trade upwards in the near-term. The previous five days have not been great as it has witnessed a mixed trend. Hence, it is suggested to trade from the long-term.